More Iraqi News Tuesday PM 5-18-21
More Iraqi News Tuesday PM 5-18-21
TLM724 Administrator BondLady’s Corner
Al-Tamimi: Oil Prices Are On The Way Up And There Is An Opportunity To Depress The Dollar
Author: AhadNA3 On 5/17/2021 - 9:21 p.m. 106 The economist, Wissam Al-Tamimi, said today, Monday, that global oil prices will rise by a few dollars above the current current price, pointing out that some variables in the American economy in addition to the Palestinian events are all factors that will lead to an increase in global oil prices.
Al-Tamimi said, "The government has a surplus of exported oil revenues a month, up to $ 20 for each barrel at a time when Iraq exports more than 3 million barrels per day." He added, "The selling prices of oil are on the rise for a few dollars, especially since there are some American variables, the Palestinian situation and the continuation of the Zionist attacks, all of which will help in the rise in prices."
Al-Tamimi pointed out that “Iraq, as an oil-exporting country, will be the first to benefit from the high oil price in the event that the government exploits this rise optimally, as the current and future rise must be matched by a reduction in the dollar’s exchange rate in local markets, after the need to return the cash reserve in the bank has ceased to exist.” Central ”. https://alahadnews.net/196503/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/
The Region Inaugurates One Of The Largest Steel Mills In Iraq
Time: 05/18/2021 11:26:39 Read: 2,756 times {Economical: Al Furat News} The President of the Kurdistan Regional Government, Masrour Barzani, inaugurated this morning the largest factory for the manufacture of iron and steel in the city of Erbil.
According to the provincial government statement, Barzani opened the Med Steel plant at 11 am, one of the advanced and large factories at the level of all Iraq.
The cost of the plant is $ 100 million, and its production capacity reaches 350,000 tons of iron and shellman, and it provides job opportunities for 1,000 workers. LINK
Tuesday ... a slight increase in the exchange rates of the dollar in the local market
Economie| 10:38 - 05/18/2021 Baghdad - Mawazine News
The exchange rates of the dollar witnessed, on Tuesday, a slight increase in the main stock exchange and local markets in Baghdad.
The exchange rate of the dollar rose on the Al-Kifah Central Stock Exchange in Baghdad, recording 146,600 dinars, for each $ 100 bill.
The prices of buying and selling dollars in exchange offices and local markets in the capital, Baghdad, witnessed remarkable stability, as the selling price reached 149,000 dinars for each $ 100 bill, while the purchase prices reached 148,000,000 dinars for each $ 100 bill. On Sunday, the Central Kifah Stock Exchange in Baghdad recorded 148,500 dinars for each $ 100 bill. Ended 29 / p4
https://www.mawazin.net/Details.aspx?jimare=153530
Saleh: The Government's Monetary Presence Is At Its Best
Financial Adviser to the Prime Minister, Dr. Mazhar Muhammad Salih «Economy News»
Money and business Economy News – Baghdad The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured, on Tuesday, that the salaries of employees and retirees and social care are insured during the current and next years, while expressing his fear that the passage of the 2022 budget will stall.
Saleh said, "The Iraqi government's cash presence is at its best at the present time," noting that "the average price of a barrel of oil today is about $ 60, and the obligations payable have been performed on a regular basis, and the cash liquidity is high," according to "Wawa."
He added that "the budget was hedged with internal borrowing for fear of facing any shortage of liquidity," noting: "If the default price in the budget is 45 dollars and the real price is 60 dollars, there will be a difference to cover the requirements on the basis of financing the deficit by borrowing."
He added that "there are pessimistic theories that assume that there are other payments and that non-oil revenues are still low. They are taken into consideration that oil revenues are recorded in one form, and the truth is another form." The remaining% of the revenues are non-oil, but in practice this has not materialized, so there is a gap that is covered by borrowing.
He stressed that "the economic situation in general is reassuring, and there is no fear for it in light of the current circumstances," noting that "the most prominent economic challenges are the coincidence of the election date 10/10 with the date of submitting the draft of the federal budget for 2022 between the Council of Ministers, in which the approval of laws becomes disrupted and becomes The government is a business administration and between parliament, which is about to be constitutionally expired. "
He pointed out that "this matter is worrisome, and we do not know how the elections will end and how the next government and parliament will be formed," explaining that "all these matters are against the approval or delay of the budget."
Saleh stressed that "there is no fear of regular payment of salaries to employees and retirees and social care in light of the regular and high financial flow and budgetary hedging," indicating that "the situation will be comfortable until the end of the year 2022." Number of observations 58 Date of addendum 05/18/2021 https://economy-news.net/content.php?id=25097
Mazhar Muhammad Salih: Partnerships Between The Public And Private Sectors ... Is Important For Maximizing Resources
Tuesday 18, May 2021 12:18 | Economical Views: 338 Baghdad / NINA / The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, affirmed that: The partnership between the public and private sectors ... is an important matter for maximizing resources.
He told the Iraqi National News Agency / NINA / that the pattern of partnership between the public and private sectors takes a place in global production of about 28%, especially the industrial ones.
Saleh added that with this partnership, losing public companies could turn into profitable joint companies.
Parliament will soon approve the law on partnership between the public and private sectors. / End 3
https://ninanews.com/Website/News/Details?key=904913
Oil Prices Exceed $ 70 A Barrel
Pratha News Agency65 2021-05-18 Oil prices rose today, Tuesday, as Brent rose to above $ 70 a barrel, in light of optimism in the markets about the increase in demand for crude in 2021.
By 7:05 GMT, Brent crude was trading above $ 70 a barrel for the first time since March 5, when Brent recorded $ 70.10 a barrel, an increase of 0.92% over the previous closing price.
While the US crude "West Texas Intermediate" rose by 0.91% to 66.87 dollars a barrel
http://burathanews.com/arabic/economic/392652
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