More Iraqi News Tuesday Evening 4-5-22
More Iraqi News Tuesday Evening 4-5-22
TLM724 Administrator BondLady’s Corner
The Price Of Oil Futures Contracts Rose In Today's Trading
Economie| 09:20 - 05/04/2022 Baghdad - Mawazine News Oil futures rose in early trading on Tuesday, as the prospect of more sanctions in the wake of alleged war crimes by Russian forces in Ukraine raised concerns about supply disruptions, while Iran nuclear talks faltered.
Brent crude futures rose $1.58, or 1.5 percent, to $109.11 a barrel, while US crude futures rose $1.61, or 1.6 percent, to $104.89 a barrel at 04:28 GMT.
Futures settled more than 3% on Monday due to the threat of more sanctions against Russia, and after a pause in Vienna over talks to revive the Iran nuclear deal, which could put more Iranian barrels on the market, Iran accused the United States of halting the talks. Ended 29 / 92
https://www.mawazin.net/Details.aspx?jimare=189317
A Slight Increase In The Exchange Rates Of The Dollar In The Local Market
Economie| 10:04 - 05/04/2022 Baghdad - Mawazine News Today, Tuesday, the dollar exchange rates in the Iraqi markets witnessed a slight increase.
Selling the dollar at 147,750 dinars per 100 dollars
Buying the dollar at 147,500 dinars per $100.
https://www.mawazin.net/Details.aspx?jimare=189322
The Central Bank Announces The Success Of The Electronic Platform For Letters Of Guarantee
Economie| 10:21 - 05/04/2022 Baghdad - Mawazine News, today, Tuesday, the Central Bank of Iraq announced the success of the electronic platform for letters of guarantee.
In a statement received by Mawazine News, the bank said, "The mechanism for issuing letters of guarantee through the electronic platform has contributed to a serious increase for contractors and contractors in implementing projects and protecting government institutions from contracting with fictitious companies and limiting their ability to access projects to be implemented."
The bank called on state institutions and the private sector to "continue to follow the platform for letters of guarantee to ensure the financial solvency and validity of any letter issued by banks operating in Iraq."
He added, "The platform for letters of guarantee completed the issuance of more than 30,000 letters worth more than 9 trillion dinars during 2021," stressing "the success of the Central Bank's strategy in organizing the issuance of letters of guarantee and increasing the confidence of the beneficiaries of letters issued by banks that are subject to the control and inspection of the Central Bank. Iraqi".
And he continued, "The creation of the electronic platform for registering letters of guarantee issued by licensed banks for the benefit of government and private sectors, comes within the efforts of the Central Bank of Iraq to develop banking work, and organize the mechanism for issuing and renewing letters of guarantee based on guarantees provided by individuals and companies and the credit rating of exporting banks, and limiting the operations of fraud and forgery. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=189326
Al-Nahrain Islamic Bank Launches A Project To Invest Cash Deposits
Banks Economy News – Baghdad On Tuesday, Al-Nahrain Islamic Bank announced the launch of the investment deposits project, calling on residents to visit its branches to benefit from this project.
The bank stated in a statement received by "Al-Iqtisad News" that "the deposit controls include the cash amount that the customer pays to invest his money for a period of no less than 6 months as a minimum to participate in the profits."
The bank stipulated that "the amount of the investment deposit must not be less than (3,000,000) Iraqi dinars, or (2000) US dollars."
He noted that "the profits are not calculated if any amount is withdrawn six months before the date of deposit, and when part of the amount is withdrawn six months before, the remaining amount is considered a new deposit."
The bank indicated that "depositors receive 50 percent of the net profits of their deposits, according to the contribution of each one of them and the period invested in it."
Views 61 Date Added 05/04/2022 https://economy-news.net/content.php?id=27443
A General Manager Reveals To / Mawazine / Government Intentions To Support The Poor Through Sovereign Funds
Economie| 01:52 - 05/04/2022 Special - Mawazine News, the former Director General of the Financial Supervision Bureau, Salah Nouri, confirmed today, Tuesday, that "there is a government tendency to support the vulnerable segment of the poor through sovereign funds allocated from the oil export difference."
Nouri said, in a statement to Mawazine News Agency, that "the trend now is based on counting needy families, and what was reported about the amounts being 750,000 dinars for the family is correct, and this amount was put forward."
He pointed out, "Restricting these amounts to sovereign funds away from the ministries prevents administrative and financial corruption, and that the mechanism through which the distribution will be made has not yet been determined. Ends 29/v92 https://www.mawazin.net/Details.aspx?jimare=189345
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