Zig’s Place Chatroom News Wednesday Afternoon 4-27-22

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Butterfly   SULAIMANI — Crude oil prices were up on Wednesday (April 27) compared to the previous day.

The price of Brent crude was at $105.4, up from $103.60, and the price of WTI crude was at $101.9, up from $99.51.

butterfly   Something is happening with the dinar bc NRT has not been posting. hmmm

butterfly   SULAIMANI — The Iraqi Oil Ministry exported more than 100 million barrels of oil in March bringing in more than $10 billion in revenue, according to a report published by the ministry.

A survey by state oil marketer SOMO showed Iraq exported 100,579,612 barrels of oil in March and revenue reached $10,913,197.

The ministry said the amount of oil exported from fields in central and southern Iraq was 99,130,677 barrels and the amount imported from Kirkuk through the Turkish port of Ceyhan reached 1,448,935 barrels.

The average price of a barrel of oil was at $108.50, according to the ministry.

butterfly   2022-04-27 05:40   Shafaq News / Iraq's incumbent President, Barham Salih, warned on Wednesday of new dangerous crises that may affect the country.

Salih said in a series of tweets today, "#Sawa_Lake, the Pearl of the south in Samawa, I recall visiting it with my father in my youth and admiring its beauty."

"It’s drying is to be lamented and a reminder of the existential dangers of climate change. Confronting climate change issues must become a national priority", he added.

The incumbent President stressed, "MesopotamianRevitalization Initiative is for Iraq and the region and is comprised of strategic projects for reforestation, modern management of water resources, clean energy, and cross border cooperation to face climate change dangers."

"The #Mesopotamian_Revitalization Initiative published and approved by the council of ministers last year, should be developed and activated as a framework to build a green supporting economy and avoid water resources bankruptcy and associated migration and abandonment of farms."

butterfly   2022-04-27 07:38   Shafaq News / The price of OPEC basket of thirteen crudes stood at US$102.94 a barrel, compared with US$101.93 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Zig   No change in the Dinar//US $ exchange rate https://cbi.iq/

butterfly   2022-04-27 04:26   Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) climbed in the markets of Baghdad and Erbil on Wednesday.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 147500 IQD to 100.

Our correspondent said that the selling and buying rates of 100 USD in the local markets of the Iraqi capital rested at 148000 and 147000 IQD, respectively.

In the capital of the Kurdistan Region, Erbil, the selling and buying rates settled at 147600 and 147400 IQD to 100 USD.

butterfly   Zig that website has the dinar and the oil listing every day but the last couple days....no listing of the dinar. Even if it stays the same, nothing is being posted. I say hmmmm

butterfly   Oil rises on Russia gas tension, China stimulus hopes https://shafaq.com/en/Economy/Oil-rises-on-Russia-gas-tension-China-stimulus-hopes

butterfly   WHO marks 5 Yrs of Strategic Partnership with USAID in Iraq https://www.iraq-businessnews.com/2022/04/27/who-marks-5-yrs-of-strategic-partnership-with-usaid-in-iraq/

butterfly   Outdated laws are a major economic challenge for the next government, Allawi says https://shafaq.com/en/Economy/Outdated-laws-are-a-major-economic-challenge-for-the-next-government-Allawi-says

Zig   Worlds oldest person has died at 119 https://www.cnn.com/2022/04/25/asia/worlds-oldest-dies-scli-intl/index.html

butterfly   Middle East "poor and rich"... The International Monetary Fund warns 4/27/2022 17:34:39 LINK

butterfly   The International Monetary Fund warned, on Wednesday, that the Russian invasion of Ukraine is affecting the growth prospects of the poorest economies in the Middle East and North Africa, while oil-exporting countries benefit from higher crude prices.

Butterfly   2022-04-27 11:11  Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) stabilized in the markets of Baghdad on Wednesday.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 147500 IQD to 100.

Our correspondent said that the selling and buying rates of 100 USD in the local markets of the Iraqi capital rested at 148000 and 147000 IQD, respectively.

butterfly   BARZANI MEETS WITH US DELEGATION FOR TALKS ON POLITICAL SUPPORT, WAR AGAINST ISIS https://nrttv.com/En/detail6/3255

Butterfly   Iraq’s Deputy PM meets with World Bank VP for MENA Affairs ............... Baghdad (IraqiNews.com) – Iraq’s Deputy Prime Minister and Minister of Finance, Ali Allawi, met today with Ferid Belhaj, Vice President of the World Bank for MENA Affairs. The two discussed progress and support for the banking industry in Iraq as well as enhancing the private sector in Iraq.

Earlier this month, the World Bank issued a report expecting Iraq to achieve the largest growth in GDP and per capita amongst the Arab countries for the year 2022. .............. https://www.iraqinews.com/iraq/iraqs-deputy-pm-meets-with-world-bank-vp-for-mena-affairs/

Butterfly   Iraq grapples with rising food costs as a result of Ukraine war ................. https://www.al-monitor.com/originals/2022/04/iraq-grapples-rising-food-costs-result-ukraine-war

butterfly   April 27, 2022  The International Monetary Fund (IMF) released its economic outlook for the Middle East today. The report from the DC-based financial institution highlighted the economic effects of the Russian invasion of Ukraine on the two regions. Global commodity prices have surged in response to the war, particularly those of oil and wheat.

The following are some Middle East-related highlights from the report: https://www.al-monitor.com/originals/2022/04/imf-oil-producers-better-prepared-ukraine-related-economic-downturn

butterfly   World Bank: Food and energy prices will rise significantly for the next three years

Wednesday 27 April 2022 19:57 https://ninanews.com/Website/News/Details?key=972818

butterfly   The Central Bank withdraws the license of a financial mediation company for violating the instructions   Wednesday 27 April 2022 13:21 https://ninanews.com/Website/News/Details?key=972737

butterfly   A slight increase in the price of the dollar on the local stock exchange

Wednesday 27 April 2022 10:43 The exchange rates of the US dollar rose against the Iraqi dinar, today, Wednesday, on the local stock exchange.

The central stock exchanges of Al-Kifah and Al-Harithiya in Baghdad recorded this morning 147,500 Iraqi dinars, compared to 100 US dollars.

Yesterday, Tuesday, prices were recorded at 147,375 Iraqi dinars, compared to 100 US dollars.

The buying and selling prices were also stable in the banking shops in the local markets in Baghdad, where the selling price amounted to 148000 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,000 Iraqi dinars per 100 US dollars. https://ninanews.com/Website/News/Details?key=972693

butterfly   Al-Mashhadani: There is hope that the crisis will ease after Eid, and the political forces have realized the danger of continuing the blockage   Wednesday 27 April 2022 23:02 https://ninanews.com/Website/News/Details?key=972859

butterfly   Security media: 3 terrorist hideouts destroyed by airdrops in western Anbar

Thursday 28 April 2022 01:17 The Security Media Cell announced the destruction of 3 terrorist hideouts, through airdrops, west of Anbar.

And it stated in a statement that: "3 airdrops were carried out by the anti-terrorist agency in the Rutba desert south of the highway, which resulted in the destruction of 3 terrorist hideouts." https://ninanews.com/Website/News/Details?Key=972879

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