Saturday Morning Iraq Economic News Highlights 12-17-22
Saturday Morning Iraq Economic News Highlights 12-17-22
A Deputy Is Waving A Demand To Interrogate Al-Sudani And The Governor Of The Central Bank Regarding The Rise In The Dollar
Political | 09:41 - 12/17/2022 Baghdad - Mawazine News, a member of the Parliamentary Legal Committee, Raed al-Maliki, waved, on Saturday, a demand to interrogate Prime Minister Muhammad Shia al-Sudani and Central Bank Governor Mustafa Ghaleb Makhaif in the event that the dollar exchange rate does not return to its previous state.
Al-Maliki said in an interview with the official "Al-Sabah" newspaper, followed by Mawazine News, that "the government has begun work to restore the exchange rate by taking some measures," noting that "Parliament, by virtue of its oversight work, has monitored the government's work, and two points or two violations have been diagnosed so far; failure in politics."
Finance and the exchange rate, a failure that demonstrated the government's inability to control the issue of the exchange rate and fiscal and monetary policy.
He added, "Parliament is monitoring the government's actions during this period, and will await the results of these measures until the end of the legislative recess," waving, "to demand the interrogation of the prime minister and the governor of the central bank, if no results are reached in this regard and the exchange rate returns to its previous state." https://www.mawazin.net/Details.aspx?jimare=214362
A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets
Economie 2022-12-17 | 01:46 Source: Alsumaria News 3,264 views Alsumaria News publishes, today, Saturday, the exchange rates of the dollar in the local markets.
The selling price of the dollar was 151,400 dinars per 100 dollars, while the buying price of the dollar was 151,500 dinars per 100 dollars.
It is noteworthy that, on December 19, 2020, the Central Bank of Iraq officially announced the adjustment of the exchange rate of the US dollar to be 145 thousand dinars for every 100 dollars, according to the state’s general budget for the year 2021 approved by Parliament. LINK
Yellow” Towards The Worst Weekly Loss In A Month
Economie 16-12-2022 | 12:09 Source: Sky News 1,740 views The price of gold rose on Friday, but it is on its way to recording the largest weekly decline since mid-November, after the US Federal Reserve indicated the need for more interest rate hikes to curb inflation.
On Wednesday, the US Federal Reserve raised interest rates by 50 basis points, as expected, to a range of 4.25 percent to 4.50 percent.
But Jerome Powell Chairman of the Board, said the Bank will continue to raise interest rates next year, despite exacerbating recession fears. LINK
The World Bank: Iraq Is Threatened With Losing 20% Of Its Water By 2040
Iraq 11:59 - 2022-12-17 The World Bank warned, on Saturday, of the seriousness of the water situation in Iraq, noting that the country may lose 20% of its water until the year 2040.
Salim Rohana, responsible for sustainable development programs in the Levant region, said in a statement reported by the official newspaper, “Water is a structural and life issue.” And it is subject to the issue of supply and demand, as the demand for water is increasing in Iraq due to its modernity and civilization, as well as the agricultural sector, which is still using the old methods of irrigation, which consequently leads to a decrease in the amount of water with time.
Rouhana added, "The climate change factor and the decrease in rainfall could increase the water shortage by 20% until the year 2040," noting that "there are many solutions by reviewing the water distribution policy for irrigation and the population's uses." https://kirkuktv.net/AR/Details/11594
The Stability Of Gold Prices In The Local Markets
Economie| 01:06 - 12/17/2022 Baghdad - Mawazine News The prices of "foreign and Iraqi" gold have stabilized in the local markets in the capital, Baghdad.
The selling price of gold for one 21-carat weight of Gulf, Turkish and European gold was 379 thousand dinars, and the purchase price was 375 thousand dinars, which are the same prices as last Thursday.
And the selling price of one weight 21 karat Iraqi gold also recorded stability at 349 thousand dinars, and the purchase price reached 345 thousand.
With regard to gold prices in goldsmiths’ shops, the selling price of 21 karat Gulf gold ranges between 380 thousand dinars and 390 thousand, while the selling price ranged between the gold weight The Iraqi between 350,000 and 360,000 dinars. https://www.mawazin.net/Details.aspx?jimare=214378
Al-Sudani Directs The Allocation Of 15 Billion Dinars In Support Of The Work Of The Government Effort Team
Political | 11:04 - 12/16/2022 Baghdad - Mawazine News The government service and engineering effort team confirmed, today, Friday, the issuance of a directive from Prime Minister Muhammad Shia'a Al-Sudani to allocate 15 billion dinars in support of the team's work in disadvantaged areas, as well as other directives related to the involvement of the private sector in the campaign, while touching on the most prominent achievements in it currently.
The head of the team, Undersecretary of the Ministry of Construction and Housing, Jaber Al-Hassani, told the official news agency, followed by Mawazine News, that "the service effort team continues to expand its work, which was launched on the fourth of last November in Baghdad, and has accomplished different percentages in 13 regions, and 4 new regions will be entered during The coming days, after the agreement on business between Baghdad Governorate and the Ministry of Construction and Housing, bringing the total number to 17.
He added, "The parties involved in the current work are the Baghdad Municipality, the Popular Mobilization Forces, the Ministries of Construction, Defense, Oil and Electricity, and everyone is working as planned, and we are achieving daily advanced achievement rates."
And he continued, "The Shaker Al-Ani area has entered the stage of cladding the streets, as well as paving the main street in Al-Basateen neighborhood, as well as Abu Tayara Street in Al-Dora and the main street in the Doanam Al-Shuala area.
He pointed out that "all the areas covered by the campaign have implemented sewage and water networks, whether those that were built randomly or that did not have such services at all, and then the works of muqarnas bricks and paving the main streets are being implemented."
And about the last meeting of the service effort team with Prime Minister Muhammad Shia’a al-Sudani, between al-Hassani, that “the meeting was very fruitful, in which what was accomplished was reviewed and defects were pointed out, in which the Prime Minister directed the involvement of the private sector in business through the federation of contractors and businessmen, so that the process is participatory in 4 types.” Among the works are the removal of rubble, transportation of ordinary and silted gravel, participation in street planning, as well as the establishment of parks.
Regarding the most important challenges, the head of the service effort team stated that it is "related to financial allocation, as the current work is funded by the departments participating in the business," announcing the issuance of a directive from the Prime Minister to allocate 15 billion dinars to support the work of the team, provided that it is also supported by additional allocations in the 2023 budget.
Yesterday, Thursday, the Prime Minister, Muhammad Shia'a Al-Sudani, directed a request for the private sector's voluntary contribution and to conduct field visits to the areas served by the government's efforts, in order to see the problems of the population and work to address them.
The media office of the Prime Minister, received by Mawazine News, stated that "the Prime Minister, Muhammad Shia' al-Sudani, chaired a meeting that included the head of the government service and engineering effort team and a number of its members."
He continued, "Al-Sudani listened to a detailed report that included the completed work and the progress of carrying out the tasks since the start of the team's work on the first of last November. He also reviewed the implemented implementation mechanism, work obstacles, and financial needs schedules for the next year."
Al-Sudani directed, "to request the private sector's voluntary contribution, and to conduct field visits to the areas served by government effort work by the community police and social effort, in order to see the problems of the population and work to address them, educate citizens, and urge them to cooperate with the government effort teams." https://www.mawazin.net/Details.aspx?jimare=214300
Al-Sudani: The Government Is Working To Provide What Achieves The Optimal Investment Of Wealth
Money and business Economy News-Baghdad Prime Minister Muhammad Shia al-Sudani affirmed, on Saturday, that the government is working to provide everything that achieves the optimal investment of natural and human resources through economic reforms, stressing the need to find a strong partnership with the private sector.
Al-Sudani said during a speech during the opening of the 29th session of the Arab Engineering Conference in Baghdad, "I welcome the convening of the Supreme Council of the Union of Arab Engineers in its seventy-eighth session in the city of Baghdad, and we congratulate the work of the conference held under the title "Information Society and Advanced Technologies in the Arab World," which was called for by the Syndicate. Iraqi Engineers and the Union of Arab Engineers.
He added, "Today we evoke history and civilization in your conference. The term engineering and the engineering mentality in the comprehensive sense mean the backbone of most of the civilizations that have risen." Services".
Al-Sudani pointed out that "the Iraqi Engineers Union, which was founded in 1959, and which is hosting your conference today, is one of the oldest professional unions in the Arab world. It has contributed greatly to professional leadership of engineering work, and has won the community's trust, making it a safe house to protect the profession and take care of the interests of the beneficiaries." , and a center for expertise and professional advice, and led the engineering community to be a regional and global competitor.
He explained, "At a time when I praise the role of Iraqi engineers through all the circumstances that our dear country went through, I salute their patience, adherence to their high professionalism, and their keenness to provide the best in their various fields."
He continued, "Our government is working to provide everything that achieves the optimal investment of natural and human resources through economic reforms that focus on improving the work environment and overcoming obstacles to expertise and competencies, and diversifying sources of income cannot be achieved without a clear and serious partnership with the private sector."
Views 36 Added 12/17/2022 - 12:44 PM Updated 12/17/2022 - 1:48 PM