Iraqi News Wednesday Afternoon 5-11-22

News

May 11

TLM724 Administrator BondLady’s Corner

An Economic Specialist For / Nina /: The Delay In Approving The Budget Will Result In An Economic Disaster In The Country

Wednesday 11 May 2022 09:34 | economic Number of readings: 214 Baghdad / NINA / - The specialist in the economic side, Ali Jabbar Al-Fariji, confirmed that the delay in approving the general budget will negatively affect the economic movement in the local market and will cause a major disaster in the Iraqi economy./ End 8 https://ninanews.com/Website/News/Details?key=975291

The Central Bank Of Iraq Warns Of Fake Pages On Social Media Platforms

Wednesday 11 May 2022 | economic Number of readings: 131 Baghdad / NINA / - An authorized source in the Central Bank of Iraq warned against the spread of pages attributed to banks or non-bank financial institutions on social media platforms, claiming to facilitate granting loans to citizens in return for sums of money.

A statement by the bank stated that it calls on the public not to deal with these pages, and to deal directly with banks and financial institutions licensed by the bank to avoid fraud from the weak.

The Central Bank of Iraq has allocated the number

(07809224663) or via the official email (banking.awareness@cbi.iq) to communicate or submit information and complaints during them./End 8 https://ninanews.com/Website/News/Details?key=975406

The dollar recorded a rise in the Iraqi local markets

Economie| 10:12 - 11/05/2022 Baghdad - Mawazine News The dollar exchange rates recorded, today, Wednesday, a slight increase in the Iraqi local markets. And the selling prices of the dollar were recorded at 148,500 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,500 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=192731

Al-Rasheed Announces The Removal Of His Name From The International Sanctions List

Economie| 02:43 - 11/05/2022 Baghdad - Mawazine News Al-Rasheed Bank announced today, Wednesday, the removal of its name from the list of international sanctions of the Charter of the United Nations, which came in accordance with the document issued on April 18, 2022.

The media office of the bank stated in a statement that Mawazine News received a copy of it, that "this decision came to the efforts made by the Iraqi government, the Ministry of Foreign Affairs, the Permanent Representative of the Republic of Iraq to the United Nations and Al-Rasheed Bank."

The statement added, "The decision has restored Al-Rasheed Bank to its rightful place in the banking field." https://www.mawazin.net/Details.aspx?jimare=192766

Alia Nassif Praises The Position Of The Minister Of Oil Regarding The Decision Of The Federal Court Regarding The Oil Of The Kurdistan Region

Wednesday 11 May 2022 11:11 | political Number of readings: 169 Baghdad / NINA / - Representative of the State of Law coalition, Alia Nassif, praised the position of the Minister of Oil towards implementing the Federal Court's decision regarding the export of the region's oil and his demand for the Kurdistan Regional Government to abide by it, calling on the Prime Minister, the Public Prosecution, the Federal Court and honorable representatives to stand by any Iraqi official who defends On the rights of the Iraqi people and their protection from punitive measures by any party.

And she said in a statement today, that: "Although we have observations and indications of the performance of the Minister of Oil, we declare our solidarity with him in his position on the regional government's failure to abide by the Federal Court's decision to prevent the export of oil outside the system of the central government and its summoning of all companies that contracted individually. With the regional government and that the contracts be central, as he entered into negotiations with the Kurds for a period of 75 days, but he did not reach a result that would lead to a unified oil policy,” expressing her belief “that the Kurds will try to circumvent this decision by trying to remove him from the ministry.”

Nassif called on the Prime Minister, the Public Prosecution, the Federal Court and honorable representatives to protect those who abide by the constitution and apply the decisions of the Federal Court from retaliatory measures.

And she indicated: "It is the duty of the three authorities to protect and respect the constitution, and this is their national, moral and legal duty, and if the president of the republic is a protector of the constitution, he must order the region to implement the decisions of the Federal Court, whose decisions have a power equivalent to that of the constitution, and failure to abide by its decisions is high treason, and it cannot be circumvented. Its decisions are made under any pretext.”/ https://ninanews.com/Website/News/Details?Key=975325

Oil Prices Rise After The European Union's Decision To Ban Russian Oil

Economie| 09:38 - 11/05/2022 Follow-up - Mawazine News : Oil prices rose today, Wednesday, after falling 9 percent from the previous two sessions, due to concerns about supply, as the European Union worked to win support to impose a ban on Russian oil, while major producers warned that they may face difficulty in closing the gap when demand improves. .

Brent crude rose $1.88, or 1.83 percent, to $104.34 a barrel at 04:39 GMT, while US West Texas Intermediate crude rose $1.78 to $101.54 a barrel.

Oil prices have fallen along with commodity and stock markets this week, on concerns about economic activity being hit by prolonged COVID restrictions in China and sharp hikes in interest rates in the United States.

The European Union proposed a Russian oil embargo, but the vote, which needs unanimous support, was postponed as Hungary ran into opposition and other European nations expressed fears their economies could be hurt.

The effect of the ban may be limited if the ban is eased to ease the concerns of Eastern European members, but analysts said oil prices could continue to rise.

UAE Energy Minister Suhail Al Mazrouei highlighted supply concerns, warning on Tuesday that when fuel demand recovers from the coronavirus pandemic, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, dubbed OPEC+, may not be able to meet demand. Ended 29/PM 99

https://www.mawazin.net/Details.aspx?jimare=192726

Parliament Votes On Members Of Permanent Committees And Raises Its Session

Political | 03:54 - 11/05/2022 Baghdad - Mawazine News The House of Representatives voted, on Wednesday, on the members of the permanent parliamentary committees.

In a statement received by Mawazine News, the parliament's media department said, "Parliament voted on the members of the permanent parliamentary committees."

She added that "the voting committees are:

- Finance

Committee - Legal Committee

- Security and Defense

Committee - Services and Construction

Committee - Foreign Relations

Committee - Integrity

Committee - Oil and Gas

Committee - Electricity and Energy

Committee - Economy, Industry and Trade

Committee - Investment

Committee - Strategic Planning Committee