Iraqi News Sunday Afternoon 5-29-22
Iraqi News Sunday Afternoon 5-29-22
TLM724 Administrator BondLady’s Corner
A Lawsuit Before The Federal Court To Dissolve The House Of Representatives
Political | 05:40 - 29/05/2022 Baghdad - Mawazine News, the head of the awareness movement, Sabah Al-Arbawi, announced the filing of a lawsuit before the Federal Court to dissolve the House of Representatives.
Al-Arbawi said in a tweet via Twitter: "Today, we and a group of brothers filed a lawsuit before the Federal Court to demand the dissolution of the House of Representatives as a result of violating its constitutional obligations.
One of the requests is: -
Obliging the President of the Republic and the Prime Minister to set a date for the elections of the House of Representatives for the fifth session and to issue the republican decree to that within a year. 2022.
https://www.mawazin.net/Details.aspx?jimare=194822
The Central Bank: Our Initiatives Pushed The Country's Economic Wheel Towards Progress And Created More Job Opportunities
The Central Bank of Iraq confirmed that its initiatives pushed the country's economic wheel towards progress.
A statement by the bank stated, "The Central Bank of Iraq participated in the intellectual symposium on the development initiatives of the Central Bank of Iraq and their impact on bridging the government financing gap, which was organized by the Department of Economic Studies at Dar Al-Hikma on the sidelines of the Baghdad International Book Fair."
The statement added that "the Deputy Governor of the Central Bank of Iraq attended the symposium, which witnessed a remarkable presence, stressing that" the Central Bank of Iraq has had a great and effective impact in advancing the country's reality since its establishment, especially in the transformations that the country has undergone during the past years, noting that "the initiatives of the Central Bank The Iraqi economy in various sectors pushed the country's economic wheel towards progress and created more job opportunities. https://www.radionawa.com/all-detail.aspx?jimare=29664
Central Bank: More Than 850 Million Dollars Were Sold Last Week
Saturday 28 May 2022 13:10 | economic Number of readings: 312 Baghdad / NINA / - The Central Bank of Iraq's sales of hard currency to the dollar during the past week amounted to more than 850 million dollars.
A statement by the bank stated that, during the past week, for the four days in which the auction was opened, it sold 857 million and 525 thousand and 352 dollars, at a daily rate of 214 million and 381 thousand and 338 dollars, an increase of 9.39% over last week, in which the sales rate amounted to 195 million and 978 thousand and 073 dollars.
It is noteworthy that most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar./ End 8 https://ninanews.com/Website/News/Details?key=978853
Association Of Private Banks: 6.69 Million Active Bank Accounts In Iraq Until 2021
Banks Economy News_Baghdad The Association of Iraqi Private Banks announced that the number of effective bank accounts amounted to more than 6.69 million accounts until the end of the year 2021, adding that the growth rate during the past year only compared to the year 2020 amounted to 9.75%.
The Executive Director of the Association, Ali Tariq, said in a press statement that "the effective bank accounts until the end of last year amounted to 6,696,657 accounts, divided into 2,016,322 current accounts, 3,915,175 savings accounts, 573,205 corporate accounts, and 191,955 fixed deposit accounts."
He added that "the total growth achieved in bank accounts during the years "2017-2021" amounted to 392%, and this is due to the facilitation of procedures for opening bank accounts by banks, increasing services, and the salary settlement project launched by the Central Bank in coordination with the government, and increasing The number of bank branches.
He stressed that "during the past 5 years, the highest growth rate was in fixed deposit accounts, due to the gradual increase in confidence in the banking sector and the diversity of banking services, noting that the savings account ranked second in terms of growth, and then the corporate account and the current account."
Tariq pointed out that "the growth rate during the year 2021, compared to the next year, amounted to 2%, the current account 22%, the savings account 12%, and the fixed deposit account 3%."
117 . views Added 05/29/2022 - 1:15 PM Update 05/29/2022 - 5:54 PM
https://economy-news.net/content.php?id=28232
Iraq's Oil Exports To America Rise To About 300,000 Barrels Per Day
Energy Economy News-Baghdad The US Energy Information Administration announced, on Sunday, that Iraq's oil exports rose during the past week, reaching an average of 282,000 barrels per day.
The administration said in a report, that "the average US imports of crude oil during the past week from eight countries amounted to 5.886 million barrels per day, an increase of 5 thousand barrels per day compared to the previous week, which amounted to 5.881 million barrels per day."
And she added, "Iraq's oil exports to America amounted to an average of 282,000 barrels per day last week, up by 40,000 barrels from the previous week, which averaged 242,000 barrels per day."
She noted that "most of America's oil revenues during the past week came from Canada, at a rate of 3.498 million barrels per day, followed by Mexico at a rate of 872,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 588,000 barrels per day, and then Ecuador at a rate of 250 thousand barrels per day." According to Shafak News.
According to the administration, "the amount of US imports of crude oil from Colombia amounted to an average of 218,000 barrels per day, and from Brazil at a rate of 139 thousand barrels per day, while no quantity was imported from Trinidad and Tobago or Russia."
Views 121 Added 05/29/2022 - 8:56 AM Update 05/29/2022 - 5:54 PM
https://economy-news.net/content.php?id=28212
Dollar Exchange Rates Against The Iraqi Dinar
Economie| 09:07 - 29/05/2022 Baghdad - Mawazine News The dollar exchange rates witnessed stability, today, Sunday, in local markets throughout the country,
and the selling prices of the dollar recorded, 148.750 dinars per 100 dollars, while the purchase prices of the dollar recorded 147.750 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=194754
Al-Hamdani: Increased Industrial Growth Rates As A Result Of The Rise In Dollar Prices
Sunday, May 29, 2022 9:19 PM National News Center/ Baghdad Today, Sunday, the Industrial Bank revealed an increase in the industrial growth rate in the country due to the high exchange rates of the dollar, while stressing that the opening of new branches in the governorates needs a financial allocation within the budget.
The director of the bank, Bilal Sabah Al-Hamdani, said in a statement followed by / the National News Center /, that “the initiative of the Central Bank is excellent for medium and large projects, and its duration is 15 years, and the interest for medium is 2%, and for large projects is 3,”
noting that “we started working on the initiative, but Iraq needs thousands of factories, and we are trying to provide loans to hundreds of factories.”
He pointed out that “the Industrial Bank is self-financing and has capital to lend to customers, but there is an increase in the size of the national industry and the demand significantly,”
noting that “the previous years, the request for loans came for projects under construction and new, with limits of 100-150, and currently the demand reaches thousands, and this
Because of the change in the exchange rate, which led to the importer being expensive and the local product being cheaper than the importer, which made businessmen, traders and importers think about setting up factories inside Iraq.”
He added, "The bank has detection committees before and after granting the loan, and we give documentary credits that we import for the production line or if they are raw materials, and in construction loans, it is done according to the stages of construction and completion,"
noting that "the delay in payment is usually from the owner of the plant and some of them are due to regional issues."
Like the edible oil factory, which used to import the raw material from Ukraine, and today the import has been stopped, and the factory is resorting to other countries where the raw materials are more expensive, and this is beyond our control, and there is also mismanagement, but we in the bank are in control of the issue.”
He added, "Most of the factories started to rise at the rate of growth for industry, but the average number of factories is few and we need thousands of factories.
We are now in the process of establishing hundreds only.
With time, and if the budget is approved and an amount is allocated to the bank, then some branches can be opened in some provinces because it does not have branches in all provinces."
And this is one of the suffering,” explaining that “the Industrial Bank owns branches in Baghdad, Karbala, Babylon and Basra only, and the opening of new branches that need allocations and sums of money within the budget.” https://nnciraq.com/131525/
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