"Tidbits From TNT" Tuesday Morning 6-27-2023

TNT:

CandyKisses:  Retirees appeal to Sudanese to release their salaries quickly: Empty pockets on Eid

{Local: Al-Furat News} appealed to the retirees, Prime Minister Mohamed Shia Al-Sudani, to release their salaries on Tuesday or during the days of the Eid al-Adha holiday

The retirees expressed in their interview with the agency {Euphrates News} "their dissatisfaction with the lack of release of salaries, as is the case with some ministries, institutions and government bodies because of their urgent need for them, especially coinciding with Eid al-Adha, which is characterized by {Eidiya} and granted to their families."

They were surprised by "the government's silence and the delay of the Ministry of Finance in funding the National Pension Authority through government banks and outlets privatized for exchange."

He appealed to the Sudanese retirees to intervene and release their salaries as soon as possible, especially after the approval of the financial budget and the presence of liquidity, expressing "their hope to receive salaries at least on the Eid holiday and that their pockets do not remain empty and waste on them and their families the joy of Eid."

They also called on the government to allocate Eid to them as a segment that spent a lifetime in the service of the state and in a small appreciation of their efforts.

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CandyKisses:  Iraq publishes the budget law with a deficit exceeding 64 trillion dinars

Baghdad - Iraq Today:

Today, Monday, the Iraqi Gazette of the Ministry of Justice published Law No. (13) of 2023 "The Federal General Budget of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025)", explaining that 64.35 trillion dinars The value of the deficit in a budget, while the official agency quoted Prime Minister Muhammad Shia Al-Sudani as saying that the total budget amounts to 197.828 trillion Iraqi dinars, adding that the deficit is 63 trillion dinars.

According to the budget, the size of the planned deficit of the general budget amounted to about 64.35 trillion dinars for the year 2023.

This deficit is covered by the abundance of increased selling prices of exported crude oil, increased crude oil exports or internal and external borrowing and from the amount of cash recycled in the account of the Federal Ministry of Finance.

Last March, the Iraqi Council of Ministers approved the draft budget law for the country, and referred it to parliament for review and opinion before approving it, and transferring it to the president.

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CandyKisses:  Chinese companies acquire the largest share of Iraq's oil in a month

Shafaq News / The Iraqi Oil Marketing Company "SOMO" announced on Tuesday that Chinese oil companies were the most buyers of Iraqi oil during the month of May.

According to "SOMO" in a statistic published on its official website and seen by Shafaq News Agency, that "Chinese companies were the most numerous among other international companies in the purchase of Iraqi oil and by 9 companies out of 39 companies that bought oil during the month of May.

"She added that "Indian companies came second with 7 companies, then South Korean and American companies came third with 4 companies each, and Italian and Greek companies came fourth with two companies each, while the rest were distributed to Spanish companies, (Dutch-British), Turkish, Russian, Egyptian, Emirati, Kuwaiti, Jordanian, French, Indonesian and Japanese, and by one company each."

Sumo indicated that it "relies in its sale of Iraqi oil on the main criteria for contracting with major and medium international oil companies independent and government integrated vertically," noting that "the most prominent international companies that bought Iraqi oil are the company (Indian Hindustan, Korean Kokaz, American Exxon Mobil, Dutch-British Shell and Italian Eni).

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Tishwash:  The Iraq Stock Exchange ranks first in the Arab world in stock trading

Today, Monday, the Iraqi Stock Exchange achieved the first place in the Arab world, with the highest daily trading rate for the number of shares traded for the year 2022. And the Iraq Stock Exchange stated, in a statement received by Al-Mutala, that: “On the occasion of the conclusion of the work of the first half of the year 2023 and the organization of the last trading sessions on the shares of Iraqi joint-stock companies on Monday 6/26/2023 in the Iraq Stock Exchange and the advent of the blessed Eid Al-Adha holiday. – We review the most important stock trading indicators during the first half of 2023.

Below are the most important stock trading indicators during the first half of 2023:  • Organizing (117) trading sessions for the shares of Iraqi joint-stock companies listed in the market, which number (102) joint-stock companies, according to the official trading hours for electronic systems from 9:30 in the morning until 1:30 in the afternoon, in accordance with the regulations governing electronic trading through brokerage firms.

Officially licensed by the Securities Commission (39) brokerage firms.  • Trading shares of (87) joint-stock companies out of 102 companies listed in the market.  • The number of traded shares reached (380) billion shares, an increase of (6.3)% over the first half of 2022. • The value of traded shares amounted to (375) billion dinars, an increase of (1.1)% over the first half of 2022.

• The ISX60 traded stock price index closed at (591) points in the first session of 2023, and closed at (667) points in the last session of June 2023. Thus, the index has increased by (13)% in the closing of the first half of 2023 from its beginning, and compared to the closing of the first half of 2022, it has increased by (16)%. • The first trading session after the Eid will be held on Monday, July 3, 2023, according to official timings.

The market noted that "the report for the first half of 2023 will be issued immediately after the blessed Eid Al-Adha holiday," referring to the most important news of the Iraq Stock Exchange: • The Iraq Stock Exchange achieved the first place in the Arab world in the evaluation of the Federation of Arab Capital Markets AFCM - when it achieved the highest daily trading rate for the number of shares traded for the year 2022.  • (57) joint stock companies submitted the annual disclosure for the fiscal year as of 12/31/2022.  • The general assembly of (32) banking companies approved the use of cumulative voting for the first time in Iraq.  link

Mot:  ... I Recognize the Delima fer Sure! ~~~~

Mot:  ..... Found the Answer to Whats Missing!! - I Did!!!