Iraqi News Highlights Wednesday Afternoon 6-28-23
Tlm724 Administrator Bondlady’s Corner
‘Plasschaert’ Congratulates The Iraqis On Eid Al-Adha And Invites Them To Unite To Promote Stability
Iraq Wednesday, 28 June 2023 Baghdad / National News Center Today, Wednesday, the UN representative, Jeanine Plasschaert, congratulated the Iraqis on Eid al-Adha, while calling for solidarity to enhance the country’s stability.
“Eid al-Adha is an opportunity for people to come together and celebrate, and in this spirit, I hope that all Iraqis will join hands to promote stability in the country and bring prosperity to all,” Blaskhart said in a tweet. https://nnciraq.com/213372/
Italian Ambassador To Iraq: We Have Provided Private Funding For The Rehabilitation Of The Mosul Dam
The Ambassador of the Republic of Italy to Iraq, Maurizio Cricanti, confirmed that there is great cooperation with the Iraqi government in the field of water and its management.
Kricanti told the Iraqi News Agency: “The Italian government funded the rehabilitation of the Mosul Dam and made a great achievement in relation to this dam, as the Italian Trevi company carried out this work,” noting that “we have funded this project in cooperation with the United Nations Industrial Development Organization (UNIDO),” We have strengthened the safety of dams in Iraq.”
He added, “The Italian government also helped establish the National Dam Safety Department in the Ministry of Water Resources,” stressing that “this cooperation is great and fruitful with the Iraqi government, Minister of Water Resources, Awn Dhiab, and the ministry in general to work in the field of water and its management.” https://www.radionawa.com/all-detail.aspx?jimare=34878
Disclosure Of The Volume Of Iraq’s Oil Exports To America During The First Quarter Of 2023
Energy Economy News _ Baghdad The US Energy Information Administration announced today, Wednesday, that Iraq’s oil exports to America amounted to more than 35 million barrels during the first quarter of 2023.
The administration said in a table seen by “Al-Iqtisad News”, that “Iraq’s exports of crude oil and its products to America during the first quarter of the year 2023 and starting from January, February and March amounted to 35.038 million barrels, an increase of 40% over the same period in the year 2022, which amounted to Oil exports to America amounted to 20.999 million barrels, an increase of 69% compared to the same period in 2021, in which oil exports to America amounted to 10.868 million barrels.
And she added, “The highest rate of oil exports to America during the first quarter of the year 2023 was in February, when it amounted to 12.168 million barrels, while the lowest rate of oil exports was for the month of March, when it amounted to 11.394 million barrels.”
Iraq exports nearly 10% of its oil exports to America, and Iraq is considered among the top ten exporting countries to America, along with Canada, Mexico and Saudi Arabia.
30 views 06/28/2023 – https://economy-news.net/content.php?id=34928
Oil Rises After A Drop That Exceeded Expectations For US Crude Inventories
Economy | 09:09 – 06/28/2023 Baghdad – Mawazine News Oil prices rose on Wednesday, amid fears of a tight supply in the United States, the world’s largest oil consumer, after data showed a larger-than-expected drawdown in its crude oil and gasoline inventories.
Brent crude futures rose 51 cents, or 0.7%, to $72.77 a barrel. At 04:10 GMT, West Texas Intermediate (WTI) crude futures rose 49 cents, or 0.7%, to $68.19 a barrel.
Both contracts fell about 2.5% in the previous session amid signs that central banks may not stop raising interest rates.
Crude stocks fell by about 2.4 million barrels in the week ending June 23, according to market sources, citing data from the American Petroleum Institute, and gasoline stocks fell by about 2.9 million barrels.
This comes after a clash between Moscow and the Russian mercenary group, Wagner, raised concerns about possible disruption to oil supplies, and as markets await Saudi Arabia’s pledge to cut oil production starting in July.
On the demand front, European Central Bank President Christine Lagarde said on Tuesday that stubbornly high inflation will require the bank to avoid announcing an end to interest rate hikes. Higher interest rates could affect economic activity and demand for oil.
Washington Announces The Volume Of Its Aid To Iraqi Businessmen And Companies
Iraq Tuesday, June 27, 2023 Baghdad / The National News Center The United States of America announced today, Tuesday, the size of its contributions and assistance to Iraqi entrepreneurs and companies.
The US Ambassador to Baghdad, Elena Romanowski, said in a tweet, followed by the National News Center: “On World Small Business Day, we highlight the importance of supporting economic opportunities for Iraq,” as the United States contributed to the business development of about 6,000 entrepreneurs and small and medium companies. since 2020”. https://nnciraq.com/213304/
https://www.mawazin.net/Details.aspx?jimare=230215
Iraq Is The Fourth Arab Country In Terms Of Industrial Output
Economy Wednesday, June 28, 2023 1:05 PM Follow-up / National News Center
A report by the Information and Decision Support Center in the Egyptian Council of Ministers stated that Egypt ranks third in the Arab world and 30th globally in terms of industrial output, with a value of $124.4 billion, followed by Iraq, Qatar and Algeria, according to 2021 statistics.
As for the industrial output in the Arab countries in 2021; Saudi Arabia topped the list of Arab countries, and 13th in the world in terms of industrial production, with a value of $379.4 billion, followed by the UAE, second in the Arab world and 17th in the world, with an industrial production value of $197.1 billion.
According to the latest data of the World Bank, the global industrial output increased by about 19.3% in 2021, to reach about $26.6 trillion, representing about 28% of the global gross product, compared to global industrial output levels of about $22.3 trillion recorded in 2020, in which it declined.
Industrial output levels as a result of the repercussions resulting from the “Corona” pandemic, and with the contribution of high-income countries to industrial output estimated at 51.5% in 2021, equivalent to about $13.7 trillion. https://nnciraq.com/213398/
The Exchange Rates Of The Dollar Against The Iraqi Dinar
Market Economy News _ Baghdad Al-Eqtisad News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Wednesday, June 28, 2023.
In Baghdad: The buying price of the dollar is 148,500 per 100 dollars, the selling price of the dollar is 146,500 per 100 dollars
In the north: The buying price of the dollar is 148,250 per 100 dollars, the selling price of the dollar is 146,250 per 100 dollars
In the south: The buying price of the dollar is 148,500 per 100 dollars, the selling price of the dollar is 146,500 per 100 dollars
41 views 06/28/2023 – https://economy-news.net/content.php?id=34931
To read more current and reliable Iraqi news please visit BondLady’s Corner: