Iraqi News Highlights Tuesday Afternoon 7-4-23
Tlm724 Administrator Bondlady’s Corner
Al-Nusairi: Iraq’s Accession To The World Trade Organization Contributes To The Development Of The Financial And Banking System
Money And Business Economy News _ Baghdad Samir Al-Nusairi, Advisor To The Association Of Iraqi Private Banks, Confirmed During His Participation In The Workshop On The Strategy Of Joining The World Trade Organization, Which Was Set Up By The Association In Partnership And Cooperation With The Ministry Of Trade And Trade Unions, Federations And Private Sector Organizations.
Al-Nusairi Said That One Of The Most Important Returns And Benefits Achieved By The Financial And Banking System In Iraq From Iraq’s Accession As A Full Member Of The World Trade Organization Is Regularity In The Global Financial System In Accordance With The Criteria For Liberalizing Financial Services, Entering The Circle Of Financial Globalization And Exchanging Experiences With Member States In The Field Of Electronic Technologies. Modern Banking, Financing And Development Of Micro, Small And Medium Enterprises.
Al-Nusairi Referred To The New Transitional Phase For The Banking Sector, In Accordance With The Government’s Approach. In Particular, Paragraph 7 Of Article 12, Which Emphasizes The Empowerment, Development And Reform Of Banks In Order To Contribute To Investment And Development In Accordance With The Plans And Adoptions Of The Central Bank, Which It Works To Include In Its Next Strategy,
Which Adopts A National Strategy For Lending, The Establishment Of A Riyada Bank For Social Development, Support For Young Entrepreneurs And Low-Income Segments, The Establishment Of A Financial And Business Center And The Establishment Of Loan Guarantee Company, Control Of The Safety Of Foreign Trade, Access To Foreign Transfers In Foreign Currency To The Real Beneficiary, And Compliance With The Standards Of The Global Financial System.
Views 74 07/04/2023 Https://Economy-News.Net/Content.Php?Id=34994
Iraq Submits An Appeal To Security Council Resolution No. 833
Iraq Tuesday, July 4, 2023 2:16 Pm Baghdad / National News Center Today, Monday, The Head Of The Parliamentary Rights Bloc, Saud Al-Saadi, Revealed That Iraq Is Going To Challenge Un Security Council Resolution No. 833, Which Deprives Iraq Of Its Sea View And Its Right To Khor Abdullah.
Al-Saadi Said In A Statement Received By The National News Center: “After Continuous Efforts And Repeated Parliamentary Addresses By Us, The Ministry Of Transport Recognized Damage To The Iraqi Maritime Borders And Depriving Iraq Of Its Maritime View And Historical Right In Khawr Abdullah.”
He Added, “To Demand The Transfer, The Ministry Of Foreign Affairs To Challenge Security Council Resolution No. 833 Of 1993, And We Will Have Efforts With The Iraqi And International Courts For The Purpose Of Restoring The Usurped Iraqi Rights.” Https://Nnciraq.Com/214449/
The Stability Of Oil Prices Amid Anticipation Of The Impact Of New Production Cuts
Tuesday 04, July 2023 08:53 | Economical Number Of Readings: 369
Baghdad / Nina / – Oil Prices Stabilized, At The Beginning Of Trading Today, Tuesday, As The Markets Were Affected By Difficulties In Terms Of Supplies Due To Planned Cuts In Next August, By The Two Largest Oil Exporters, Saudi Arabia And Russia, In The Face Of Economic Data That Indicated Weak Demand For Crude.
Brent Crude Futures Rose 22 Cents, Or 0.3%, To $74.87 A Barrel By 0033 Gmt.
Us West Texas Intermediate Crude Recorded $70.06 A Barrel, Up 27 Cents, Or 0.3%. Both Benchmarks Settled Down By 1% In The Previous Session.
And The Saudi Ministry Of Energy Had Announced The Extension Of The Voluntary Cut Of One Million Barrels Per Day To Include The Month Of August.
Russian Deputy Prime Minister Alexander Novak Said That Russia Will Also Reduce Its Oil Exports By 500,000 Barrels Per Day In August./ Https://Ninanews.Com/Website/News/Details?Key=1062874
The Stock Index In Iraq Ends Its Dealings With A Rise
Tuesday 04, July 2023 Economical Number Of Readings: 175 Baghdad / Nina / – The Iraq Stock Exchange Index Closed At The End Of Its Dealings, With An Increase Of 53.0%, To Reach The Level Of 665 Points.
The Market Said In Today’s Report, “The Number Of Companies Whose Shares Were Traded During The Past Week Amounted To 34 Joint-Stock Companies, While The Shares Of 63 Companies Did Not Trade Because The Prices Of Purchase Orders Did Not Meet With The Sales Orders, While The Number Of Suspended Companies Reached 3 Companies For Not Providing Disclosure Out Of 102 Companies.” Listed On The Market.
And That “The Number Of Shares Traded Amounted To 116 Million And 628 Thousand Shares, With A Financial Value Of 384 Million And 847 Dinars, Through The Implementation Of 431 Transactions.”
He Pointed Out That “The Isx60 Traded Prices Index Closed At 665 Points, Registering An Increase Of 0.53% Over Its Closing In The Previous Session.”
The Market Showed The Companies That Were More Profitable Are The Metal And Bicycles Company, With A Change Rate Of 12.50%, Followed By The Mosul Bank, With A Change Rate Of 10.53%, While The Most Losing Companies Were The Dates Marketing Company, With A Change Rate Of -6.25%, Followed By Meat Marketing By -5.28%.
It Is Noteworthy That The Iraq Stock Exchange Organizes Five Trading Sessions Per Week, From Sunday To Thursday, And Includes 102 Iraqi Joint Stock Companies Representing The Sectors Of Banking, Communications, Industry, Agriculture, Insurance, Financial Investment, Tourism And Hotels./
Https://Ninanews.Com/Website/News/Details?Key=1062973
Parliamentary Finance For / Nina /: Four New Laws That Will Be Presented In The Sessions Of The New Legislative Term
Tuesday 04 July 2023 17:15 | Political Number Of Readings: 96 Baghdad / Nina / – The Parliamentary Finance Committee Revealed A Package Of Laws That Will Be Presented In The Sessions Of The New Legislative Term. “We Have A Package Of Many Legislations That Will Be Presented On The Agenda Of The Sessions Of The New Legislative Term, Including The Laws Of Civil Service, Statistics, Oil And Gas, As Well As The Final Accounts Of Previous Years,” Said The Deputy Head Of The Committee, Ikhlas Al-Dulaimi, In A Statement To The National Iraqi News Agency ( Nina ).
And She Added, “We Have A Legislative Plan To Work On Auditing, Discussing, And Then Voting On The Final Accounts Of The Iraqi State From 2012 To 2022,” Indicating That “Since 2012 Until Now We Have Approved The Federal General Budget Law, According To Speculations And Objections Only.”/ End 5
Https://Ninanews.Com/Website/News/Details?Key=1062996
The High Exchange Rate Of The Dollar In The Iraqi Market
Economy | 11:41 – 04/07/2023 Baghdad – Mawazine News The Exchange Rate Of The Dollar Rose, On Tuesday, In The Iraqi Markets. The Selling Price Of $100 In Baghdad Was Recorded For 149,000 Dinars.
And The Purchase Price Was Recorded At 100 Dollars, Compared To 147 Thousand.
Https://Www.Mawazin.Net/Details.Aspx?Jimare=230600
A European Bank Confirms Its Desire To Work In Iraq And Contribute To Supporting The Private Sector And Renewable Energy
Economy | 02:48 – 04/07/2023 Baghdad – Mawazine News, Foreign Minister Fuad Hussein Stressed, On Tuesday, The Importance Of Partnership With The European Bank To Support The Government’s Plan To Diversify The Sources Of The National Economy, While The Bank Indicated Its Desire To Work In Iraq.
The Ministry Of Foreign Affairs Said In A Statement, Which Mawazine News Received A Copy Of, That “Deputy Prime Minister And Foreign Minister Fuad Hussein Met With The President Of The European Bank For Reconstruction And Development (Ebrd) Odile Rono-Basso, In The Presence Of Iraq’s Ambassador To London, Muhammad Jaafar Al-Sadr, And The Head Of The Europe Department.
Ambassador Haider Al-Athari, And The Director General Of The Public Debt Department At The Ministry Of Finance, Ghufran Kazem, While The European Bank Was Represented By Kazuhiko Koguchi, Secretary General Of The European Bank For Reconstruction And Development, And Heikki Harmgart, Executive Director Of The Bank.
She Added, “The Meeting Witnessed Ways To Strengthen Bilateral Relations Between Iraq And The Bank, In A Way That Guarantees The Possibility Of Strengthening The Private Sector In Iraq And Digitizing The Banking System.”
The Minister Stressed “The Importance Of Partnership With The European Bank To Support The Iraqi Government’s Plan To Diversify The Sources Of The National Economy,” Noting That “The Iraqi Government’s Priorities Are Investment In Energy And Digital Transformation In The Financial Infrastructure.”
For Her Part, Odile Affirmed “The Bank’s Desire To Work In Iraq And Contribute To Supporting The Private Sector And Renewable Energy.” Https://Www.Mawazin.Net/Details.Aspx?Jimare=230618
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