More Iraqi News Thursday PM 5-13-21
More Iraqi News Thursday PM 5-13-21
TLM724 Administrator BondLady’s Corner
Al-Kaabi Congratulates The Iraqi People On Eid Al-Fitr
05/13/2021 Mr. Hassan Karim Al-Kaabi, First Deputy Speaker of Parliament, congratulated the Iraqi people and the entire Islamic nation on the occasion of the blessed Eid Al-Fitr, wishing that God would return it to everyone with goodness and blessings.
Al-Kaabi said in a statement today, Thursday, May 13, 2021, “I am pleased and honored to present to the Iraqis and the Islamic nation the highest verses of congratulations and blessings on the occasion of the blessed Eid al-Fitr, asking the Almighty to accept from us and from you the good deeds and make them sincere for his honorable face, and relief from our country and our nation. It saves us from the dreaded Corona epidemic, and that our country, Iraq, is blessed with security, safety, continued solidarity, pride and progress. The Media Office of the First Deputy Speaker of Parliament 5/13/2021 LINK
Saudi Companies Prepare To Launch Giant Investments Soon In Iraq
Time: 05/13/2021 12:03:38 Read: 4,303 times {Economist: Al Furat News} Saudi businessmen revealed that Saudi companies are close to launching giant investments soon in Iraq in the areas of manufacturing industries, indicating that there are promising opportunities for Saudi products of building materials and food in the Iraqi market.
The businessmen explained in a press statement that "some Saudi companies specialized in raising livestock and cows have presented to the Iraqi government the idea of investing 4 million dunums in the Western Desert located between Anbar Governorate, passing through the cities of Karbala and Najaf to the Samawah Desert, with a contract extending for more than 50 years to cultivate." agricultural and cattle breeding crops.
for his part, Mohammed predicted leader Vice Chamber of Commerce and industry Chairman of Riyadh, to witness the Saudi - Iraqi relations prospects welcome , especially in the field of economic, commercial and investment cooperation, pointing out that the visit of Prince Khalid bin Salman , deputy Minister of Defense, Iraq, come under Continuous integration, communication and coordination between the two countries, pointing out that it is a visit that supports closer relations at all levels, including economic ones.
The guide added that "the opportunities for integration between the Kingdom and Iraq are great." Other areas that we will soon see their fruits ... The Iraqi market is large and Saudi products are well received in it. "
For his part, Abdullah Al-Melehi, President of {Tamayouz} said: "There are promising opportunities for Saudi products in the Iraqi market, as the Iraqi market is one of the great opportunities for Saudi products.
In sharing borders with Saudi Arabia, an opportunity to export the Saudi product with the facilities provided by the Kingdom through The Saudi exports program to open new markets for manufacturers in the Kingdom, in addition to supporting the Kingdom’s government and the leadership’s keenness to build relationships in various fields.
Al-Melehi added: “The Iraqi market is promising and there are many export opportunities that national companies can benefit from,” adding that “the volume of Saudi non-oil exports to the Republic of Iraq amounted to 2.6 billion riyals ($ 693.3 million) during the past year 2020, while topping the list of the most prominent sectors. The exported building materials activity amounted to 859 million riyals (229 million dollars), and the foodstuff activity with a value of 790 million riyals (210.6 million dollars). "
Al-Melehi pointed out that "there is a tendency to offer investments in the field of oil and gas to Saudi companies, indicating that discussions are underway with the concerned authorities to clarify investment opportunities, as investors are always looking for specific opportunities or privileges to bring them to the market, especially after the Saudi Export Bank announced granting investors financing in this field."
Exports are a factor that attracts investors, "noting that" both Saudi Arabia and the UAE have allocated more than 6 billion dollars to invest in Iraqi lands, strengthen economic relations and create new opportunities for cooperation and partnership. "
Al-Melehi explained that "there are Saudi investment projects currently in the Iraqi cities of (Anah) and (Al-Qaim)," indicating that "there are investments that Saudi companies will soon launch in Iraq in the fields of manufacturing, agriculture and various projects, while Saudi investment companies offered specializing in livestock breeding and cows on the Iraqi government 's idea to invest 4 million acres in located between the Anbar province , passing through the cities of Karbala , Western Sahara and Najaf access to the desert of Samawah, a contract extends to more than 50 years for the cultivation of agricultural crops and cattle breeding.
He Malihi: "among the investments The Emirati and Saudi companies will implement them by producing some domestic industries in Iraq, as joint factories between Iraq and these two countries will be implemented ... Also one of the most important investment projects is the interest in electric power projects from Saudi Arabia and the United States. LINK
Oil Prices Decline After Fears Of An Exacerbation Of The Corona Crisis In India
Time: 05/13/2021 09:27:11 Read: 2,626 times {Economic: Al Furat News} Oil prices fell, on Thursday, from their highest level in eight weeks, due to concerns about the worsening of the Corona virus crisis in India.
Brent crude prices fell 66 cents, or 0.98 percent, to reach 68.65 dollars a barrel.
US West Texas Intermediate (WTI) crude fell 31 67, or 1.03%, to $ 65.41 a barrel.
The International Energy Agency (IEA) said in its monthly report on Wednesday that oil demand is already exceeding supply and the shortage is expected to increase even if Iran boosts exports. LINK
Dollar Exchange Rates In Local Markets
Market Economy News _ Baghdad "Economy News" publishes the exchange rates of the dollar in local markets on Thursday. The price of the dollar against the Iraqi dinar
Prices of the exchange offices: the selling price of the dollar 148,750 The purchase price of the dollar 147,750 Number of observations 74 Date of addition 05/13/2021 https://economy-news.net/content.php?id=25069
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