"Tidbits From TNT" Tuesday Morning 7-6-2021

Jul 6

TNT:

Tishwash: A Katyusha rocket fell inside the Iraqi North Gas Company

Iraqi security sources reported today, Tuesday, that a Katyusha missile fell on the North Gas Company, west of the city of Kirkuk, 250 km north of Baghdad.

The sources said that the missile landed in an empty yard inside the North Gas Company complex in Kirkuk governorate, without causing any injuries or material losses.

In the past weeks, separate areas in Iraq witnessed the largest sabotage attacks carried out by groups affiliated with ISIS and other saboteurs, affecting facilities for the production and transmission of electrical energy in Iraq, which negatively affected the levels of equipping homes with electrical energy.

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Tishwash: Baghdad receives the overdue dues to the farmers of Kurdistan since 2014

Sulaymaniyah Agriculture confirmed, on Tuesday, that the federal government has delivered the dues of the region's farmers from 2014 until the current year .

Deputy Director General of the Directorate Rizgar Hamad Khader said, "The operations of harvesting the wheat crop planted within two million acres began in the Kurdistan region in the middle of last May, while the federal government opened silos to market them on the 21st of last June ."

Khader added, "The scarcity of rain water contributed significantly to reducing the production rate by 50% compared to last year, in addition to its impact on the purity and quality of the crop," stressing "the continuation of marketing operations in all silos and stations of the ministries of trade and industry in the region ."

He pointed out that "the end of this month, we will be able to determine the quantities marketed in total for this year," stressing that "despite the decrease in production this year, the region has succeeded in achieving self-sufficiency in the crop, since large areas of it depend on irrigation and not rain ."

Khader revealed that “the federal government has handed over the financial dues to the farmers of the region in full for the previous years since” 2014 until the current year, and there are only small amounts left that will be delivered later. link

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Tishwash: Oil prices rise, Brent touches $78

Oil prices rose, on Tuesday, after yesterday's rise with the cancellation of production talks for OPEC + countries, but fears that members may start to increase production limited the gains.

Brent crude rose 28 cents, or 0.38 percent, to $77.47 a barrel by 0510 GMT, after rising 1.3 percent on Monday.

US West Texas Intermediate crude futures were at $76.68 a barrel, up $1.52, or 2.04%.

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and its allies in a group known as OPEC+ canceled oil production talks and did not set a new date for their resumption, after last week's clash when the UAE rejected an eight-nation proposal to extend a month of production restrictions, meaning that no deal was agreed upon. to increase production.

Yesterday, Iraqi Oil Minister Ihsan Abdul-Jabbar said that his country is committed to the current agreement with OPEC and its allies and does not want to see oil prices rise above current levels to achieve stability.

OPEC+ agreed to record production cuts in 2020 to deal with the price crash caused by COVID-19.

Producers gradually eased production restrictions, but Friday's plan to raise production by about two million barrels per day from August to December 2021 and extend the agreement on a series of gradual production shifts until the end of 2022. It was blocked by the United Arab Emirates. link

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Tishwash: The Central Bank of Iraq and Visa collaborate to provide digital payment solutions among consumers

Visa, the leading company in the field of global digital payments, announced its cooperation with the Central Bank of Iraq to raise awareness and provide digital payments among consumers in Baghdad.

This is a major effort to help Iraqi society understand the nature of the global economy based on digital payments, and to address common concerns and misconceptions among consumers about the benefits of digital payments compared to paying with cash.

The marketing campaign organized by Visa and the Central Bank of Iraq came under the slogan "What are you waiting for?" With the aim of encouraging people to use digital payments. The campaign highlighted the tangible benefits of digital payments over cash, including safety, security and convenience, better spending tracking, and the global acceptance of digital payments at more than 70 million merchant sites when traveling abroad, or on e-commerce sites. Globalism.
in support of the marketing campaign organized by Visa and the Central Bank of Iraq; A local comedy group presented entertaining scenes about the additional benefits of using a Visa card, which helped to get people's attention.

On this occasion, Duha Abdul Karim Muhammad, Director-General of the Payments Department at the Central Bank of Iraq, said: “Digital payments offer a set of many benefits, especially their pivotal role in laying the foundation for new experiences and business models that are an integral part of achieving the vision of the State of Iraq during this stage. Next, to achieve a diversified digital economy and increase global competitiveness.At the Central Bank of Iraq, we are pleased to work with Visa, as efforts resulting from such public-private sector collaboration help accelerate the Government of Iraq’s priority to promote inclusive, sustainable and equitable economic growth for the country’s entrepreneurs companies, and societies.

Mario Macari, Country Manager, Lebanon and Iraq, Visa, commented: “Our mission at Visa is to enable individuals, businesses, and economies to thrive and support small businesses while keeping pace and adapting work in a rapidly evolving world, and thus is one of our top priorities. With a large number of Iraqis moving to digital commerce, it is critical that we support all relevant communities with the resources and resources needed to support their digital transformation. We are pleased to partner with the Central Bank of Iraq on this important initiative to support the adoption of digital payments in the country.” link

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