Thursday AM Iraq Economic News Highlights 8-4-22

The rise in the exchange rate of the dollar in Iraq

Economie  2022-08-04 | 04:44  1,938 views  Alsumaria News – Baghdad Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Thursday.

The selling prices of the dollar were 148,700 dinars per 100 dollars, while the purchase prices of the dollar were 148,600 dinars per 100 dollars. LINK

Global Oil Price Recovery

Economie   2022-08-04 | 02:28  1,530 views  While the United States has asked the group to increase production, spare capacity is limited and Saudi Arabia may be reluctant to increase production at the expense of Russia, which has been subject to sanctions over the Ukrainian invasion described by Moscow as a "special operation".

The outlook for oil demand was clouded by mounting fears of a recession in the United States and Europe, debt distress in emerging market economies, and a tough zero --COVID-19 policy in China, the world's largest oil importer.

The Energy Information Administration said that US crude oil stocks rose unexpectedly last week as exports fell and refineries cut inflows, while gasoline stocks also recorded a surprise increase as demand slowed. LINK

Ministry Of Labor: 100 Billion Dinars Recovered From Social Welfare Abusers

Iraq   09:46 - 08-04-2022   The Federal Ministry of Labor and Social Affairs announced the recovery of 100 billion dinars from the trespassers on the social care network.

The Director General of the Social Welfare Department at the Ministry, Zikra Abdel Rahim, said that "social care should be temporary," noting that "we are working on social welfare reform with the participation of international organizations."

She added, "The reform of social welfare will take a year and a half," stressing that "we recovered 100 billion dinars from those who abused social welfare."

She pointed out that "300,000 families are waiting for financial allocations to be included in social care."

https://kirkuktv.net/AR/Details/7993

With A Difference Of 100 Dinars.. Learn About The Exchange Rates Of The Dollar On The Iraqi Stock Exchange[/Size]

Economie| 11:16 - 04/08/2022   Baghdad - Mawazine News, the dollar exchange rates rose, today, Thursday, on the Iraqi Stock Exchange.  Selling price: 148,700 dinars per $100,  buying price: 148,600 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=201470

Aviation Authority: A Transit Will Be Opened At Baghdad International Airport With Several Countries[/Size]

Economie| 11:10 - 04/08/2022   Baghdad - Mawazine News  The Civil Aviation Authority announced, on Thursday, the intention to open transit at Baghdad International Airport with several countries.

"There are several agreements with Arab and foreign aviation authorities for cooperation and coordination," said Jihad Al-Diwan, media director of the Civil Aviation Authority, in an interview with the official news agency, followed by Mawazine News.

He explained, "There is cooperation with most European countries that depends on national carriers when it is a national carrier that is submitted to the civil aviation company. The aviation authority coordinates with the civil aviation of the countries to be traveled to, and coordinates with them to implement the line."

He continued, "Most of the countries we have cooperation with, and a transit will be opened at Baghdad International Airport with several countries, which will generate resources for the public budget and civil aviation." Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=201467

The Chinese Ambassador To / Mawazine News /: We Are Working To Complete The Projects Determined By The Iraqi Government

Politica l| 12:20 - 04/08/2022   Baghdad - Mawazine News, the Chinese ambassador to Iraq, Cui Wei, confirmed today, Thursday, the work to complete the projects determined by the Iraqi government.

Wei said in an exclusive statement to "Mawazine News", "We are working to complete the projects, and the 7,000 Iraqi government schools are the ones that set their dates based on consultations between the two parties."

He added that "the projects within the Chinese agreement are determined by the Iraqi government, and it determines the priorities, and the Chinese companies are ready to implement the projects," noting that the framework agreement is for reconstruction and what the Iraqi government requires for reconstruction after consultations with us, ready to implement it.   https://www.mawazin.net/Details.aspx?jimare=201475

Learn About Iraq's Rank Among The Richest Countries In The World

Shafaq News/ Iraq ranked 114th among the richest countries in the world in terms of per capita GDP adjusted for purchasing power, according to the US magazine Global Finance.

The magazine said in its latest report for the month of August, seen by Shafak News Agency, that Iraq ranked 114th in the richest countries in the world out of 192 countries listed in the table, indicating that "the per capita GDP in Iraq amounted to 12,141 thousand dollars."

Globally, according to the magazine’s report, Luxembourg ranked first in the world’s richest countries with a share of 140,694 thousand dollars, followed by Singapore second with a share of 131,580 thousand dollars, and Ireland came third with a share of 124,596 thousand dollars, while Burundi was at the bottom of the table and ranked 192 with a share of 856 dollars, preceded by South Sudan 953 dollars .

At the Arab level, Qatar ranked first and fourth globally, with a share of 112.789 thousand dollars, followed by Bahrain, 25th globally with a share of 57,424 thousand dollars, followed by Saudi Arabia third and 28th globally with a share of 55,368 thousand dollars, followed by Kuwait fourth and 31st globally with a share of 50,919 thousand dollars, followed by Oman ranked fifth and ranked 56 globally, with a share of 35,286 thousand dollars, followed by Libya sixth with a share of 18,345 thousand dollars, and then Egypt came seventh with a share of 14,928 thousand dollars.

She added that Algeria came in eighth, with a share of 13,002 thousand dollars, followed by Tunisia ninth, with a share of 12,300 thousand dollars, and then Iraq came in tenth, followed by Jordan in the 11th Arab rank, with a share of 11,861 thousand dollars, while the table did not address: Lebanon, Syria, and Afghanistan because there are no integrated official statistics Including.    LINK

OPEC: 12 Thousand Barrels Per Day, An Increase In Iraq's Oil Production For The Month Of September

Shafaq News/ The Organization of Petroleum Exporting Countries "OPEC" announced, on Thursday, that Iraq's share of the increase in crude production, which was determined for the month of next September, will reach 12 thousand barrels per day, after the "OPEC +" agreement on a small increase in the shares of producers in it, which amounted to 100,000 barrels per day.

The organization stated in a table seen by Shafak News Agency, "The share of Iraq's production for the month of September was set at 4.663 million barrels per day, an increase of 12 thousand barrels per day compared to the current month of August, amounting to 4.651 million barrels per day, and an increase of 83 thousand barrels per day." for last July.

And she indicated that "Iraq was the second largest producer in the organization after Saudi Arabia, and the third largest producer in (OPEC +) after Saudi Arabia and Russia."

She added that "the production of Saudi Arabia and Russia was set at 11.030 million barrels per day for each of them during the month of next September, an increase of about 26,000 barrels per day from the current month of August, and the UAE's production share increased by 6 thousand barrels per day, to reach 3.179 million barrels per day." over the next month."

The organization indicated that "Kuwait set its production at 2.818 million barrels per day, and Algeria's production was set at 1.057 million barrels per day."

She pointed out that "OPEC's share of the oil increase scheduled in September will reach 64,000 barrels, bringing the organization's production to 26.753 million barrels per day, while the share of the increase for those allied with OPEC will reach 36,000 barrels, bringing their production to 17.202 million barrels per day."

The organization stated that "the total production of (OPEC +) will reach 43.955 million barrels per day in September."

The Organization of "OPEC +" agreed during its meeting yesterday, Wednesday, on a small increase in its production, which amounted to 100,000 barrels per day for the month of September.  LINK