Iraqi News Thursday AM 6-9-22
Iraqi News Thursday AM 6-9-22
TLM724 Administrator BondLady’s Corner
Al-Sadr to the representatives of the Sadrist bloc: Write your resignations from the House of Representatives and wait for the injunction
Political | 03:00 - 09/06/2022 Baghdad - Mawazine News The head of the Sadrist movement, Muqtada al-Sadr, directed today, Thursday, the Sadrist bloc's deputies to write his resignation from the House of Representatives, noting that the country's reform will only be through a national majority government.
https://www.mawazin.net/Details.aspx?jimare=195941
Al-Sadr's Partner Comments On The Resignation Letter: To Whom Will The Resignations Be Submitted, And Parliament Will Take A Legislative Recess?
Political | 03:48 - 09/06/2022 Baghdad - Mawazine News, Najwa Hamad, the representative of the Kurdistan Democratic Party bloc, which is affiliated with the Triple Alliance, commented on the letter of the head of the Sadrist movement, Muqtada al-Sadr, who directed the representatives of the Sadrist bloc to write their resignations.
Hamad said in an interview with / Mawazine News / that "the House of Representatives has entered its legislative recess, for whom will the resignations of the Sadrist bloc's deputies be submitted."
And she added, "After Al-Sadr directed his deputies to write their resignations to whom to submit, especially since we entered the first legislative term holiday."
And she indicated that "during the holiday, there may be political understandings and consensus that enable the crisis to be resolved and not to submit any resignation." Ended 29 / h
https://www.mawazin.net/Details.aspx?jimare=195946
Oil Achieves Its Highest Level And Jumps To 124 Dollars A Barrel
Economie| 09:37 - 09/06/2022 Follow-up - Mawazine News: Oil prices continued to rise today, Thursday, supported by strong demand in the United States, the largest consumer in the world, while demand in China is expected to recover with the easing of restrictions to combat the Corona virus in major cities.
Brent crude futures for August delivery rose 50 cents, or 0.4%, to $124.08 a barrel, while US West Texas Intermediate crude for July delivery rose 38 cents, or 0.3%, to $122.49 a barrel.
The two benchmark crudes closed yesterday, Wednesday, at their highest level since the eighth of March, recording levels seen in 2008.
Data from the US Energy Information Administration showed yesterday, Wednesday, that the United States recorded a record decrease in strategic crude reserves, while commercial stocks rose last week. .
US gasoline stocks fell unexpectedly, indicating the robustness of demand for motor fuels during its summer peak despite the sharp rise in prices.
Investors are awaiting trade data for May in China, due later today, in search of indications of demand in the world's second largest oil consumer.
"China's reopening continues to support demand optimism," CMC Markets analyst Tina Ting said in a note.
The UAE Energy Minister, Suhail Al Mazrouei, said on Wednesday that the efforts of oil producers in the OPEC + group to increase production were "not encouraging", noting that the group's production is currently less than its target by about 2.6 million barrels per day.
The group agreed last week to speed up production increases to curb rampant fuel prices and slow inflation.
But this step will leave producers with very little spare capacity, with almost no possibility of making up for any major supply disruptions. https://www.mawazin.net/Details.aspx?jimare=195912
Integrity Reveals The "Embezzlement" Of About A Trillion Dinars In A Number Of Government Banks
Economie| 10:42 - 09/06/2022 Baghdad - Mawazine News, Thursday, the Federal Integrity Commission revealed that nearly a trillion Iraqi dinars had been "pilfered" from public money, noting that "major embezzlement, fraud, fraud and money laundering" had occurred in a number of branches of the Agricultural and Al-Rasheed Bank.
In a statement received by Mawazine News, the Commission's Investigation Department said, "The audit team, which was formed by the department, revealed a major embezzlement of public money through forgery, misrepresentation, manipulation, money laundering, abuse of positions, manipulation of banking restrictions, and the introduction of reinforcements for fake balances on customer accounts," noting that "The existence of an organized process of sabotaging the national economy through manipulating the work of government banking agencies, and creating a state of chaos and instability," stressing "the need to address the issue from the highest levels quickly."
The department added, "The result of manipulation through transactions in the Agricultural Bank branch in Maysan and (4) of the Rashid Bank branches in Maysan and Baghdad amounted to (926,043,773,700) billion dinars," noting that "the team reviewed and audited the financial statements of the mentioned banks, and inventory The amount, obtaining evidence and documents, and identifying the 41 suspects involved in the bank’s branch employees and corporate and individual customers.
And the department monitored, “there is a great neglect in the work of the General Administration of the Agricultural Bank through the lack of control over the bank’s branch in Maysan, to ensure the integrity of its procedures, which for a whole year were not able to display the data correctly,” noting “the absence of procedures and work of the supervisory bodies.”
On the activities of the Agricultural Bank branch, despite the presence of more than one case and suspicion of corruption hovering around its work, the matter came to the General Administration to prepare and approve the final accounts, and to give correct and accurate results to those accounts and their outputs, and received profits and incentives, which calls for accountability after that, an accomplice in the crime ".
The department explained, "The process of manipulation is carried out by the customer issuing a check from his current account that does not have a sufficient balance to cover the amount of the check, and the check holder who has a current account depositing the check in his account through a special clearing (telephone reservation),"
indicating that “The procedures of the transaction take place through the phone reservation and the exchange of secret numbers that support the availability of a (fictitious) balance in the account of the issuer of the check and allowing the amount to be withdrawn.” https://www.mawazin.net/Details.aspx?jimare=195919
The Iraqi Stock Exchange Rises 3% In The First Week Of June
Market Economy News-Baghdad The Iraqi stock market index closed the first week of this month with an increase of 3 % The market said in a statement it received / the information / that "the first week of June 2022 witnessed five trading sessions," noting that "the number of shares traded during this week is more than (Cool billion shares ."
He added, "The value of shares traded this week is more than (10) billion dinars ."
The trading index in the market closed for the first session of the week at "566.21 points, while the index closed at the end of the week at (587.10) points, achieving an increase of (3.56%) compared to its closing at the beginning of the session ."
And executed during the week "more than (3800) contracts of buying and selling on the shares of companies listed in the market." 96 . views Added 06/09/2022 - 2:37 PM Update 06/09/2022 - 6:09 PM
https://economy-news.net/content.php?id=28398
Learn About The Dollar Exchange Rates
Economie| 10:16 - 09/06/2022 Baghdad - Mawazine News The dollar prices witnessed, today, Thursday, a slight decrease 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=195917
Amanat Baghdad And The World Bank Discuss Supporting Vital Projects In The Capital
Reconstruction and building Economy News – Baghdad On Thursday, the World Bank expressed its readiness to finance "important" projects in the capital, Baghdad.
And a statement to the information of the Municipality of Baghdad stated, "The Mayor of Baghdad, Ammar Musa Kazem, received the Special Representative of the World Bank in Iraq, Ramzi Noman, to discuss projects designed to develop infrastructure in the capital, Baghdad."
The two parties discussed, according to the statement, "support for vital projects prepared by the Baghdad Municipality to develop the infrastructure represented by water and sanitation projects."
For his part, Numan expressed his "support for the Municipality of Baghdad and the important projects that the World Bank can finance within the agreements and plans prepared between the two sides."
70 . views Added 06/09/2022 - 3:49 PM Update 06/09/2022 - 6:10 PM
https://economy-news.net/content.php?id=28399
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