Iraqi News Wednesday AM 5-5-21
Iraqi News Wednesday AM 5-5-21
TLM724 Administrator BondLady’s Corner
China: The Agreement With Iraq Will Be Effective Soon, And The Annual Volume Of Exchange Reached 30 Billion Dollars
Economie| 01:48 - 05/05/2021 Baghdad - Mawazine News China announced, on Wednesday, that the agreement with Iraq will be activated soon, while noting that the annual volume of exchange between the two countries has reached 30 billion dollars.
"The annual volume of exchange exceeded 30 billion dollars annually," said Chinese Commercial Counselor Xu Chun, during a press conference with Chinese Vice Ambassador Jian Fangning, through a closed circuit to introduce the Chinese development achievements and the development of economic and trade relations between Iraq and China. 2019, the volume of exchange reached 33 billion and 300 million dollars, but last year it decreased to 30 billion and 200 million dollars, as a result of the decline in world oil prices.
He added that "China is still considered the largest importer of Iraqi crude oil despite the decrease in imports due to the repercussions of the Corona pandemic."
On the date of implementation of the agreement signed between Iraq and China, he explained that "the Chinese Sancho Foundation is working in close communication with the Iraqi Ministry of Finance and the Central Bank to address technical issues," stressing that "the Sino-Iraqi agreement will be activated as soon as possible and there is a serious intention in this regard." https://www.mawazin.net/Details.aspx?jimare=152179
The Exchange Rate Of The Dollar Against The Iraqi Dinar In The Local Market Today
Economie| 11:00 - 05/05/2021 Baghdad - Mawazine News publishes / Mawazine News / Dollar exchange rates in local markets on Wednesday (May 5, 2021).
Baghdad - Al-Kifah Stock Exchange 148,100
Price in exchange (approximate) 147,500 148,500
Erbil / Stock Exchange 148,225 Basra / Bursa 148,100
https://www.mawazin.net/Details.aspx?jimare=152151
Al-Kazemi And The French Ambassador Are Discussing Facilitating The Work Of French Companies In Iraq
Political| 03:10 - 05/05/2021 Baghdad - Mawazine News discussed the Prime Minister, Mustafa Al-Kazemi, and the French ambassador to Iraq, Bruno Hubert, on Wednesday, to facilitate the work of French companies in the country.
The media office of the Prime Minister stated, in a statement that Mawazine News received a copy of, that “Al-Kazemi received the French ambassador in Iraq, Bruno Hubert,” pointing out that “the meeting reviewed the bilateral relations between the two countries, in addition to discussing a number of issues and files of interest. Subscriber. "
The two sides discussed "joint bilateral cooperation between Baghdad and Paris, and means of enhancing and developing it in the economic, security and cultural fields, as well as cooperation in the field of investment and facilitating the work of French companies in Iraq." https://www.mawazin.net/Details.aspx?jimare=152189
Al-Araji To NATO Chief Of Staff: Withdrawal Of Combat Forces Helps Stabilize Iraq
Political| 03:25 - 05/05/2021 BAGHDAD - Mawazine News , National Security Adviser Qassem Al-Araji confirmed, today, Wednesday, that the withdrawal of combat forces helps stabilize Iraq.
The media office of the National Security Adviser stated, in a statement received by Mawazine News, a copy of it, that "Al-Araji, the National Security Adviser, Qassem Al-Araji, received in his office today, Wednesday, the Chief of Staff of NATO, Admiral Joachim Roll, and his accompanying delegation."
The two sides discussed "joint cooperation between Iraq and the NATO mission, in the interest of security and stability in Iraq and the region."
Al-Araji said, "The withdrawal of foreign combat forces from Iraq helps to stabilize and enhance its security," stressing that "there is no increase in the number of foreign forces in Iraq."
And, "Iraq needs training, advice and raising its combat capabilities, and it does not need any fighting force," he said.
For his part, Admiral Roll said, "The NATO mission is a non-combat mission that helps and contributes to raising the combat capabilities and skills of the Iraqi forces, through training and correct advice."
https://www.mawazin.net/Details.aspx?jimare=152191
Saudi Arabia Grants A License To An Iraqi Bank To Open A Branch In The Kingdom
Time: 05/05/2021 03:07:55 Read: 5,239 times {Economist: Al Furat News} The Saudi Cabinet agreed, on Tuesday, to grant a license to the National Bank of Iraq to open a branch for it in the Kingdom.
It is noteworthy that the Iraqi-Saudi relations witnessed remarkable progress, the most recent of which was the visit of Prime Minister Mustafa Al-Kazemi to Riyadh at the head of a high-ranking government delegation on April 1.
The two countries' joint statement after the visit stated, "Establishing a joint Iraqi-Saudi fund, the capital of which is estimated at three billion dollars, as a contribution from Saudi Arabia in promoting investment in economic fields in Iraq, for the benefit of the Saudi and Iraqi economies, with the participation of the private sector on both sides."
Bilateral agreements were also signed that included (an agreement to avoid double taxation, an agreement for cooperation in the field of development planning for economic diversification and private sector development, a cooperation agreement between the Saudi Contractors Authority and the Iraqi Contractors Union for the reconstruction of Iraq, and the agreement for financing Saudi exports to Iraq).
Two memoranda of understanding and cooperation were also signed, which included (a memorandum of understanding between the Iraqi Media Network and the Saudi Radio and Television Authority, and a memorandum of cooperation between the King Abdul Aziz House in the Kingdom and the National Library and Archives in the Republic of Iraq). LINK
The Establishment Of The First Industrial City And The Largest Iron Factory In Basra
Time: 05/05/2021 08:41:54 Read: 3,978 times {Economist: Al Furat News} The Basra Investment Commission has included mega projects within the current year’s plan, the most prominent of which is the implementation of a large iron and steel plant, and the first industrial city to help employ thousands of unemployed.
"The plan for the current year includes the establishment of giant investment projects, the most prominent of which is the iron and steel plant with a design capacity of more than one million tons of reinforcing and industrial iron," the commission's president, Alaa Abdul-Hussain Salman, said in a press statement.
He added that "the plan also includes residential, industrial, recreational and hotel projects whose construction cost is estimated at hundreds of millions of dollars", indicating that "almost all sectoral approvals have been completed in coordination with Basra's local administration in preparation for signing the investment licenses."
Salman pointed to “completing the approvals of government departments to establish the first major industrial city by preserving an area of a thousand dunams, as it was planned to accommodate a large number of petrochemical industrial investment projects and projects for the manufacture of iron, steel and electronic sectors.”
He mentioned that “the location of the industrial city was chosen near sources of oil and gas wealth, ports, and highways, which would help investors to export the surplus to global markets and reduce the cost of imported and imported process materials.” LINK
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