More Iraqi News Saturday PM 11-6-21
More Iraqi News Saturday PM 11-6-21
TLM724 Administrator BondLady’s Corner
One Billion Dinars, The Value Of Trading In The Iraqi Stock Exchange
Saturday 06 November 2021 75 Baghdad: morning During the first week of November 2021, the Iraq Stock Exchange organized five trading sessions from last Sunday to the first day of Thursday
A statement to the market received by "Al-Sabah" stated that "the number of shares traded this week amounted to more than two billion shares," noting that "the value of shares traded this week amounted to more than one billion dinars."
He added, "The trading index in the market for the first session of the week closed at (586.81) points, while the index closed at the end of the week at (588.71) points, achieving an increase of 0.32% from its closing in the first session," stressing that "during the week, more than From (1,200) contracts of sale and purchase on the shares of companies listed in the market. LINK
Relative Stability Of The Dollar Exchange Rates In The Local Markets
Economie| 10:23 - 06/11/2021 Follow-up - Mawazine News The dollar exchange rates witnessed, on Saturday, relative stability in the main stock exchange and local markets in the capital, Baghdad.
Today, the dollar exchange rate on the Central Kifah Stock Exchange in Baghdad was 148,100 dinars, for each $100 bill.
And the prices of buying and selling the dollar have stabilized in exchange companies and local markets in Baghdad, where the selling price reached 148,500 dinars, each denomination of 100 dollars, while the purchase prices amounted to 147,500 dinars, for each paper denominations of 100 dollars. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=173808
Over The Next Month, OPEC Determines Iraq's Share Of Daily Oil Production
Economie| 11:19 - 06/11/2021 Follow-up - Mawazine News, OPEC announced, on Saturday, that the share of oil production in Iraq was set at 4.237 million barrels per day during the month of December, after the OPEC + agreement to increase 400 thousand barrels per day.
The organization stated in its table, which was reviewed by Mawazine News, that "the production quota for Iraq for the month of December was set at 4.237 million barrels per day, an increase of 44,000 barrels per day from the month of November, which amounted to 4.193 million barrels per day, and an increase of 88 thousand barrels per day over the month last October."
And she added, "The production of both Saudi Arabia and Russia was set at 10.018 million barrels per day, during the month of December, an increase of about 105 thousand barrels per day from the current month of November, and the UAE's production share increased by 30 thousand barrels per day, to reach 2.885 million barrels per day. over the next month."
She pointed out that "OPEC's share of the planned increase of 400,000 barrels per day in December will amount to 253,000 barrels to reach 24,300 million barrels per day, while the share of those allied with OPEC will reach 147,000 barrels to reach 15.794 million barrels per day."
And OPEC + agreed, during its meeting last Thursday, to increase its oil production by 400,000 barrels per day, according to the previously agreed schedule. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=173820
The Growth Of The National Product
Saturday 06 November 2021 83 Thamer Al-Haims On the occasion of the conclusion of the first Babylon International Exhibition for National Industries, which was held by the Ministry of Industry and Minerals, under the slogan (Our industry is the title of our Iraq), there was an amazing paradox, which emerged from inside the exhibition from the official of the Pavilion of the Middle Euphrates Company for the manufacture of dates and foodstuffs, who complained bitterly about the red tape and corruption that stand Without promoting national industries, as happened when their company produced (stuffed biscuits) with dates for school feeding, but unfortunately, and speaking to the official of the company’s pavilion, the Ministry of Education directed to import the product from Indonesia.
There is no doubt that this act contradicts the directions of the state and the Ministry of Industry to support national production, and this approach is not education the first or the last who are literally committed to it, nor is it just a deal, otherwise the laws of national product protection or consumer protection would be cut off.
The traditional justifications for such deals, whether in the industrial or agricultural product or (manufactured agricultural) or even the raw product are inconsistent. So that only the beneficiary or the agent of the exporters is convinced of it, and these people can generally find an excuse for them. Therefore, the blame and the question is for the person with the highest concern, who issued the law to protect the national product.
When claiming because of quality, we do not disagree on the quality of the Iraqi standard, which has been weakened because it does not apply to the importer. As for the pretext of the price difference and the main reason for it is the Ministries of Electricity and Oil, neither electricity is sufficient nor does its prices contribute to the economic feasibility of the product, especially for factory generators, despite their knowledge for sure that the proceeds of the two policies will go Pure dollars abroad as the price for the importer and the rest for the banks of the exporting countries.
In order to deal with the matter, decreasing the dinar can be considered the only feasible policy to calm the game with those directly concerned with import, and this policy withdrew intersecting with our calls for investment and its anti-routine and anti-corruption laws, especially since the counterparts of the import of Indonesian biscuits paralyze factories or remove them from the Iraqi industrial schedule to expand and deepen Unemployment in all its manifestations.
And in a dinar, his purchasing power went down to squeeze pockets of more than
30% of the citizens..is it not appropriate, and we are in the boom of industrial cities, to allocate places serviced by the infrastructure of printing presses, at least to provide a stable Iraqi book that is methodologically up-to-date, since (online) is not an alternative, but rather will remain a tributary for the foreseeable future.
This is the tip of the iceberg. The tax system is slow from the outlets to the import permit, which must be consistent with the laws protecting the national product in a serious manner and not seasonal or the dropping of an imposition, as we have to protect our industry first and foremost to be consistent with the slogans of the Ministry of Industry and the first Babylon International Fair, and its symbolism (Our industry is our Iraqi title). LINK
Planning: 8 Sectors Significantly Affected By The “Corona” Pandemic
Saturday 06 November 2021 242 Baghdad: Omar Abdul Latif The Ministry of Planning revealed that 8 sectors were severely affected by the “Corona” pandemic, while the pandemic caused a total decrease in financial revenues during the past two years. Economic, social and spatial development, and attended by "Al-Sabah", that "the health ban measures and the drop in oil prices caused by the pandemic affected the decrease in the gross domestic product for the year 2020 by 10.6% compared to its value during the first half of 2019".
She added, "Despite the significant impacts of the pandemic, the sectors (agriculture, construction, electricity and water) achieved a positive rate of change in the first half of 2020 compared to its counterpart in 2019, while the rest of the sectors were negatively affected by the health ban measures.
The agricultural sector was not affected by these measures because it is private and its activity is productive, but it faced the problem of discharging its products due to the impact of the embargo measures in the transport sector, and that government measures did not restrict the activity of the electricity sector due to the importance of the activity of this sector in various fields.
The development sector showed that the sectors (transport, communications, storage, finance, insurance, real estate services, wholesale and retail trade, and hotels) were severely affected by the pandemic, due to the fragility of the economy and the deterioration of the business environment in it.
To read more current and reliable Iraqi news please visit BondLady’s Corner: