More Iraqi News Sunday PM 3-28-21
More Iraqi News Sunday PM 3-28-21
TLM724 Administrator BondLady’s Corner
The Formation Of The Supreme Council To Support The Private Sector And National Responsibility
Sunday 28th March 2021 63 Baghdad: Morning Former President of the Federation of Chambers of Commerce, Jaafar Al-Hamdani, affirmed that “the formation of the Supreme Council for the Support of the Private Sector is one of the most important national projects that we have long advocated for, and that the investment and economic issues and challenges facing the implementation of strategies, investment performance and the business system are among the important files that the Council is supposed to discuss. To support the private sector ».
He added that «the next phase requires the ministries and government institutions the need to provide more meaningful investment opportunities for the private sector, and to coordinate efforts and continuous follow-up and remove all obstacles in front of it, and to increase its participation in state projects and improve the performance of monetary policy and the performance of Iraqi banks to provide a streamlined operation of their capital and movement» .Oil prices
He pointed out that "the economic crisis has cast a shadow over the countries of the world, and Iraq is one of them. It had a direct impact on our country because of its rentier economy and fluctuations in oil prices with the state of distrust that swept some industrialized countries."
And that «these results have been proven by the assurances of the credit rating agency Standard and Poor’s, which placed Iraq at a late stage for long-term sovereign issuances.
The next stage
He indicated that «the close follow-up of economic affairs and work according to what has been planned in the strategies and support of the Council of the Private Sector and the selection of professional personalities, who have experience, theory and application will contribute strongly to activating the role of the private sector in the next phase provided that it enjoys studied and systematic support from the state, which enables it to continue In the positive contribution to the national income, so that it is an active and influential partner in economic and social development, facing the requirements of ambitious future plans and supporting the national strategy. 2030 '.
Economic entities
He pointed out that «building the capabilities and energies of our national economy requires the mobilization of more energies and efforts for all economic entities in the public, private and mixed sectors to promote economic growth processes, leading to sustainable development and a more diversified economy. And productivity. LINK
What Is The Relationship Of The Suez Canal And The Impact Of Its Closure On Iraqi Oil Exports? .. An Expert Explains
Time: 03/27/2021 17:14:26 Read: 6,760 times {Economy: Al Furat News} The economist, Nabil Al-Marsoumi, explained the extent of the impact of the closure of the Suez Canal on Iraqi oil exports.
"The canal separating Africa from the Middle East and Asia is one of the busiest trade routes in the world, with about 12 percent of total global trade passing through it," Al-Marsoumi wrote on his Facebook page.
According to Lloyd's List tracking data, there are More than 160 ships are waiting at both ends of the canal, including 41 huge tankers and 24 crude oil tankers.Of 39.2 million barrels per day of crude oil imported by sea in 2020, 1.74 million barrels per day used the canal, according to Kepler's tanker traffic data.
He added, "As crude oil and refined products flow in both directions in the 193 km long Suez Canal. In 2020, Europe imported 550 thousand barrels per day of crude from sources east of Suez, most of it through the canal, according to Kepler's figures. South and East Asia imports through the canal. 1.27 million barrels per day in June 2020. "
Al-Marsoumi pointed out that "the potential impact on ethnic oil exports is limited because about 70% of exports go south through the sea to Asian markets and almost half of the remainder goes through the Turkish port of Jahan and the other half goes to European and American markets, and it is known that the quantities of Iraqi oil transported on tankers of the size of suzmax are few." Ranging between 3-5 "monthly carriers."
He continued, "The quantity does not exceed half a million barrels per day, and there is currently between 1-2 tankers, but the continuation of the closure will increase the number of stuck tankers, and Iraqi oil buyers may change the direction of the journey through the Arabian Sea, the Indian Ocean, then the Atlantic, then the Strait of Gibraltar to southern Europe, or it will continue."
To northern Europe, it is bound to Germany and elsewhere, which leads to an increase in the cost of transportation and insurance. "
The Suez Canal Authority resumed a new float attempt on Saturday afternoon, at a time when Egyptian Prime Minister Mostafa Madbouly described the ship’s stranding in the Suez Canal as a "very exceptional accident."
A Dutch company was working to float the delinquent ship in the Suez Canal, saying that "it is possible to liberate the ship within the next few days if heavy locomotives and the ongoing operations to dredge sand around its bow and a high tide displace it from its place." LINK
Today .. Central Bank Sales Of Hard Currency Are Witnessing A Significant Decline
Economie| 01:56 - 28/03/2021 BAGHDAD - Mawazine News The Central Bank's hard currency sales, on Sunday, witnessed a significant decline, recording only $ 13 million.
The Central Bank’s auction for the sale and purchase of foreign currencies today witnessed a significant decline in sales by 83.33 percent, to reach 13 million and 82 thousand dollars only, which the bank covered at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 13 million and 82 thousand dollars went to strengthen the assets abroad in the form of transfers and credits, while the banks did not purchase the dollar in cash, as 3 banks met the requests to enhance the assets abroad.
The central bank sales of hard currency, during last Thursday's session, amounted to 78 million and 418 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=147385
The dollar is rising in Iraq
Time: 03/28/2021 11:09:44 Read: 6,565 times {Economic: Al Furat News} The exchange rate of the dollar rose against the Iraqi dinar on Sunday. And the dollar recorded in Baghdad 1445 dinars, or 144 thousand and 500 dinars. In Basra Governorate, it increased to 1442.5 dinars.
In Erbil, the dollar prices witnessed a slight increase, as the selling price reached 1450 dinars, and the purchase price reached 1447 dinars.
https://alforatnews.com/news/%D8%A7%D9%84%D8%AF%D9%88%D8%B9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82
The Three Presidencies Hold A Meeting With The Kurdish Delegation, In The Presence Of The Heads Of Political Blocs
Money and business Economy News _ Baghdad A parliamentary source revealed, on Sunday, that the three presidencies held a meeting with the Kurdish delegation in the presence of the heads of political blocs on the budget.
"The three presidencies held a meeting today with the Kurdish delegation and the Finance Committee in the presence of the heads of political blocs outside the House of Representatives building," the source said in an interview with the Iraqi News Agency and its "Al-Iktissad News".
The source added that "the meeting aims to solve the outstanding problems around the budget."
Number of observations 105 Date of addendum 3/28/2021
https://economy-news.net/content.php?id=24628
Mazhar Muhammad Salih To NINA: The Agreement With China Extends To The End Of 2038 And Is Still Valid
Sunday 28, March 2021 09:36 | Economical Views: 264 Baghdad ( NINA ) - Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said: The agreement with China extends to the end of 2038 and is still valid.
He told the Iraqi National News Agency / NINA / that: When the government submitted the draft federal budget bill 2021, it referred to the funding for the Iraqi-Chinese agreement, and the state of legislation will become the practical entry point for the implementation of the agreement.
Saleh added that: The agreement includes starting the projects that will be undertaken by the Chinese executing authorities and according to the desire of Iraq and the priorities of its investment projects in construction and reconstruction ..
Iraq signed in October of 2019 an agreement with China extending for twenty years of its paragraphs to build a thousand schools throughout the country. https://ninanews.com/Website/News/Details?key=895664
Iraq Delivers To Kuwait The Third Batch Of Its Properties That Were Seized By The Former Regime
Time: 03/28/2021 16:35:33 Read: 1,235 times {Politics: Al Furat News} Today, Sunday, the Kuwaiti Ministry of Foreign Affairs received from the Iraqi Ministry of Foreign Affairs the third batch of Kuwaiti property and archives that were seized during the period of the shock regime's invasion of Kuwait in 1990.
The handover ceremony that took place at the (Saud Al-Nasser Al-Sabah Kuwaiti Diplomatic Institute) was attended by the Kuwaiti Assistant Minister of Foreign Affairs for International Organizations Affairs Ambassador Nasser Al-Hayin, the Iraqi Foreign Ministry Undersecretary for Legal Affairs Ambassador Qahtan Al-Janabi, the representative of the United Nations Secretary-General and the Resident Coordinator for the State of Kuwait, Tariq Al-Sheikh, Assistant Undersecretary of the Ministry of Information. News and political programs Saud Al-Khalidi.
The ambassador said Alھیn told reporters during the ceremony that this "step positive" comes as part of Iraq 's commitment to implement security related liberated Kuwait and of which Council Resolution No. {2107}. "
He Alھیn, that" this step is paid more steps to promote The brotherly relations between the two brotherly countries, expressing the State of Kuwait's welcome to the efforts made by the Iraqi government to complete the handover of all Kuwaiti property and archives.
He explained that the third batch includes properties, archives and some equipment for the Ministry of Information, the National Council for Culture, Arts and Literature, and the University of Kuwait.
Regarding the possibility of the Kuwaiti authorities finding the remains of an Iraqi soldier on the island of Bubyan, who had been since the confrontational occupation of Kuwait in 1990 and was recently identified in Kuwait, Ambassador Al-Hain said that “the General Department of Forensic Evidence in the Ministry of Interior has taken the necessary measures in this regard, and the remains of the Iraqi soldier will be handed over to the Iraqi delegation that He is visiting Kuwait under the chairmanship of Ambassador Al-Janabi before their departure from Kuwait next Tuesday, and
affirmed the keenness of the State of Kuwait to do everything that would end this humanitarian file by identifying the fate of the prisoners and the missing, stressing in this regard the continuation of the continuous efforts being made to identify the fate of the Kuwaiti prisoners and missing persons in this regard. Iraq.
For his part, the Undersecretary of the Iraqi Ministry of Foreign Affairs for Legal Affairs, Ambassador Dr. Qahtan Al-Janabi, confirmed in a similar statement the keenness of the Iraqi government and people to develop bilateral relations with brotherly Kuwait.
Al-Janabi considered that the step that took place today to hand over the third batch of Kuwaiti property and archives is one of the serious steps in bridging relations between the two brotherly countries.
He reaffirmed "Iraq’s keenness to overcome all difficulties to restore relations to normal and to launch new and distinguished relations through which we aspire to activate cooperation in all political, economic, commercial, investment and cultural fields, especially since the two peoples have many relations between them."
On his part, the representative of the United Nations Secretary-General and Resident Coordinator in the State of Kuwait, Tariq Al-Sheikh, for a similar declaration, the Kuwaiti-Iraqi efforts that work towards achieving peace and ending all outstanding issues between the two countries.
The Sheikh affirmed that these efforts work to consolidate the bonds of cooperation and development for the two brotherly peoples and to return all matters to their true status between the two countries.
"We value these great efforts made by the Iraqi government, and we also value the good spirit of the State of Kuwait and the warm reception of the Iraqi mission," he said, stressing that this positive action enhances cooperation efforts between the two countries in all fields.
In turn, the Kuwaiti Undersecretary of the Ministry of Information for News and Political Programs, Saud Al-Khalidi, said in a press statement that the third batch of Kuwaiti property and archives received by the Kuwaiti Ministry of Foreign Affairs today from its Iraqi counterpart today contains cinematographic equipment and tapes for Kuwait's television.
Al-Khalidi expressed his sincere thanks to the Iraqi government for handing over the Kuwaiti property and the archive, wishing more cooperation during the coming period to hand over all the property. LINK
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