More Iraqi News Thursday PM 7-29-21
More Iraqi News Thursday PM 7-29-21
TLM724 Administrator BondLady’s Corner
Relative stability of the dollar exchange rates in the local markets
Economie| 10:47 - 29/07/2021 Baghdad - Mawazine News The dollar exchange rates witnessed, on Thursday, 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 147,750 dinars, for each $100 bill. And the prices of buying and selling dollars have stabilized in banking offices and local markets in Baghdad, where the selling price reached 148,250 dinars for each denomination of 100 dollars, while the purchase prices amounted to 147,250 dinars, for each paper denominations of 100 dollars. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162049
Oil Rises To Two-Week High As US Inventories Fall
Arabic and international Economy News – Baghdad Oil prices continued their upward trend, today, Thursday, to reach a two-week high, after US crude and fuel stocks recorded a strong decline, indicating that peak summer demand is still strong despite the resurgence of "Corona "
Futures contracts in New York rose to about $ 73 a barrel, after rising by 1% yesterday, Wednesday .
US crude stocks fell more than expected last week to the lowest level since January 2020, while supplies of distillates - a category that includes diesel - fell by the most since April, according to a government report .
In terms of monthly crude price movements, oil prices are heading during July to record the second monthly loss since last October, affected by the return of the spread of the Corona virus, which coincided with the “OPEC +” agreement to boost production from August .
The outbreak of the fast-spreading Delta virus has also led to renewed restrictions in some areas and raised concerns about demand in the short term, although there are expectations that the market will continue to tighten .
“There appears to be quite a bit of reluctance to push the market in either direction, leaving it on a standstill, ” said Warren Patterson, head of commodity strategy at ING Groep NV in Singapore. COVID-19 is on the rise .”
Brent crude for September delivery, which ends on Friday, rose 0.3% to $74.99 on the ICE Futures Europe exchange, after a 0.4% gain on Wednesday .
West Texas Intermediate crude for September delivery rose 0.3% to $72.63 a barrel on the New York Mercantile Exchange. Views 119 Date Added 07/29/2021 https://economy-news.net/content.php?id=25812
The Central Bank Launches An Initiative To Support Renewable Energy Projects
Banks Economy News – Baghdad The Central Bank of Iraq announced, on Thursday, the launch of an initiative to use renewable energy sources to reduce carbon emissions.
The Central Bank said in a statement, received by Al-Iqtisad News, that "in cooperation with the Supreme Committee for Lending in the Council of Ministers, he launched an initiative to shift to the use of renewable energy sources to reduce carbon emissions and improve the environment, with the participation of environmental experts and energy generated from renewable sources, in order to set the executive framework for financing such as These development projects, whether at the level of individuals or investors in the field of clean energy.
The Central Bank of Iraq, in cooperation with the concerned authorities, will support "the preparation of controls that oblige the owners of residential investment projects to rely on renewable sources to secure part of the electric energy as a condition for its inclusion in the Central Bank's initiative to finance housing projects."
The Bank and the Higher Committee for Lending expressed their "aspiration that 2022 will be a national year for renewable energy in Iraq."
The bank decided, according to the statement, "to start installing electricity generation systems from solar energy on a number of its buildings in Baghdad and its branches in Basra, Mosul and Erbil to secure part of its electricity needs." Views 285 Date Added 07/29/2021 https://economy-news.net/content.php?id=25809
Al-Ghazi: The Iraqi Government Is Determined To Activate The Public And Private Industrial Sectors
Economie| 03:22 - 29/07/2021 Baghdad - Mawazine News, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, affirmed that the Iraqi government is determined to proceed with the activation and revitalization of the public and private industrial sectors, by overcoming all obstacles for investment companies and simplifying all procedures related to the establishment of industrial cities in all governorates.
While presiding over the meeting to discuss the agenda of the consultative meeting specialized in addressing the obstacles to the allocation of industrial cities lands, Al-Ghazi stressed the "necessity of overcoming the obstacles facing developers and industrial investors, and overcoming bureaucracy and red tape; on the employment of local manpower.
Al-Ghazi directed, assigning employees from each institution concerned, to conduct immediate follow-ups, resolve outstanding files, and implement what was stated in the decisions of the Council of Ministers and the recommendations issued by the committee in question; To give investment companies real opportunities, and the possibility of inventorying and identifying undeveloped lands. Ended 29 / h
https://www.mawazin.net/Details.aspx?jimare=162078
Application Of Technology In The Economy
Thursday 29 July 2021 135 The use of technological means, especially agricultural ones, has many and complex goals that all countries are working to achieve in the shortest possible time, because these same means are in a continuous development, so it is necessary to take full advantage of any modern means used in other economic sectors.
Perhaps one of the most prominent goals that are achieved, through the introduction of technological means in the fields of palm cultivation, is the continuation of scientific research on how to control palm pests. pests, and as a result of this process, the farmer will become more confident in following up on scientific development and thus will increase in his constant concern to follow and implement the instructions of the responsible agricultural authorities
The introduction of technological tools and means in manufacturing processes and the extraction of new compounds will lead to the expansion of local consumption, as well as the reduction of human effort and the lack of total dependence on it as much as possible.
The operations of harvesting, gathering, pollination and fertilization, all lead to a decrease in the poor workforce in the use of technology in this field. And thus directing the Iraqi workforce towards the most useful and needed sectors in the national economy.
The uses of agricultural technology will increase per capita income, as a result of increasing and decreasing the cost and reducing the labor force in the production unit, which leads to an increase in the production return for the farmer and thus will encourage him to continue cultivating this consumer and industrial material.
Technology also contributes to removing the risks that accompany the operations of servicing the palm tree by humans, as the advanced and modern technological tools do not leave behind risks that may harm the tree itself or the crop if it is better to use that machine.
The use of agricultural techniques will also contribute to improving the quality thanks to regular fertilization, good composition and automatic pollination, which will reduce the cost resulting from all these processes.
Finally, from all of the foregoing, if modern means are used in the right process and in increasing production, this will result in an improvement in productivity performance, and the interest in agriculture is a step towards achieving self-sufficiency for this vital substance that is very important in the life of the Iraqi people as it is a direct food for the citizen and a financial resource through Exporting the best quality that Iraq abounds in, and there are no other countries that possess this rich wealth, as well as using it in the fields of national industry. LINK
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