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Samson: Parliament votes on three international conventions

3/4/2021 18:21

The House of Representatives voted on Thursday to join three international agreements.

A correspondent said that the House of Representatives voted on the draft law on the accession of the Republic of Iraq to the International Convention for Container Safety of 1972. He added that the Council voted on the draft law on the accession of the Republic of Iraq to the Convention on the Recognition and Implementation of Foreign Arbitration Decisions (New York, 1958).

The House of Representatives voted on a bill amending the law on the accession of the Republic of Iraq to the International Convention on Road Traffic for the year 1968 and the European Agreement supplementing it for the year 2006 No. 30 of 2015.

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Don961: Mazhar Saleh: Proposals to Establish a Sovereign Wealth Fund

Tuesday 02 March 2021 Baghdad: Hazem Muhammad Habib

The financial advisor to the prime minister, Mazhar Muhammad Saleh, revealed positive proposals to establish a sovereign wealth fund in which funds equivalent to the current compensation for the Kuwait war would be deposited in a manner consistent with the reform White paper .

In an interview with Al-Sabah, Saleh said: “We have positive ideas and proposals to establish an Iraqi sovereign wealth fund, in which amounts equivalent to the compensation for the Kuwait war are deposited after the payment of these compensation is completed in the coming months, and it is managed like the generational funds,” and considered it “a sovereign investment resource for Iraq.” And in line with the white paper launched by the government to strengthen and reform the structure of the Iraqi economy.

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Samson: Việt Nam to take the lead in economic growth in Southeast Asia: Nikkei Asia

26th February, 2021

Việt Nam is predicted to record positive growth this year, especially in the context of US-China trade tensions that may persist in the coming years.

As a leading financial newspaper run by Japanese media giants Nikkei Inc, Nikkei Asia stated that: “Southeast Asia's growth leader in 2021 may well be Việt Nam,” during a recent article detailing ASEAN's GDP forecasts for the year ahead. According to Nikkei, the country recorded economic growth of 2.9 per cent last year due to its success in containing the novel coronavirus (COVID-19), in addition to robust exports of electronics and other consumer products, with the nation reportedly targeting a growth rate of 6.5 per cent this year.

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Samson: Setting a new exchange rate for the Iraqi dinar against the US dollar is part of the economic reform programme adopted by the @IraqiGovt, which aims to address the immediate financial crisis and placing the Iraqi economy on a sustainable path. pic.twitter.com/xOCy8ktaC0— Government of Iraq - (@IraqiGovt) February 26, 2021

MilitiaMan: They will not be going into a market economy with a devalued currency at 1460.. The new exchange rate will need to be applied.. One that is the strongest in the region will do it.. imo.. ~ MM

Setting a new exchange rate is exactly right. It is part of the plan! Has been for years, and it is sure welcomed now.. Let the RATE WINDS BLOW.. lol ~ MM

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DCDriver: I still don't understand why the GOI has any say in the exchange rate. Is not that the sole discretion of the CBI?

DeepWoodz: Imo...The CBI takes cues from the Prime minister and the CoM. Frank has said many times that the CBI and GOI must come together to give birth to the MR. Look at the make up of the Supreme Committee for Reform. Kadhimi, Allawi, Governor of Central Bank

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Iobey777: well, IMO, if you would just go ahead and show them that you are Article 8 and your new rate.. that you have been boasting about, the security issue might decrease and investors might want to rush into your country! You have been telling the citizens of changes that Have Been Made, yet you are still not showing the world or your citizens! Why?

Samson: Hussein: We have high oil coordination with Saudi Arabia and the Gulf, waiting for a case to invest in Iraq

24th February, 2021

Iraqi Foreign Minister, Fuad Hussein said that there is high coordination in oil policy with the Gulf oil countries, especially with Saudi Arabia, whether it is bilateral or within the framework of "OPEC".

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Samson: Goldman raises its forecast for Brent price in the third quarter to $ 75 a barrel

22nd February, 2021

Goldman Commodities Research raised its Brent crude oil price forecast of $ 10 for the second and third quarters of 2021, indicating lower expectations for stocks, higher cost margins for resuming upstream activities and speculative inflows

The American bank expects Brent prices to reach $ 70 a barrel in the second quarter from the $ 60 it had previously expected, and to reach $ 75 in the third quarter from $ 65 previously