Iraqi News Highlights Tuesday Afternoon 7-11-23
Tlm724 Administrator Bondlady’s Corner
Oil Rises On The Back Of “OPEC +” Cuts, And Traders Focus On Economic Data
Economy | 09:16 – 11/07/2023 Baghdad – Mawazine News Oil prices rose today, Tuesday, compensating for some of the losses of the previous session, with dealers focusing on Saudi Arabia and Russia reducing production and anticipating economic data that may help confirm the demand for crude. Brent crude futures rose 33 cents, or 0.4%, to $78 a barrel by 0050 GMT, and US West Texas Intermediate crude rose 35 cents, or 0.5%, to $73.34.
And prices fell 1% yesterday, Monday, amid expectations of an increase in the possibility of raising US interest rates, and with investors reaping profits, according to “Reuters”.
While US central bank officials said the bank would likely need to raise interest rates further to bring down inflation, markets were relieved by indications that officials also believe the current tightening cycle is coming to an end.
Supply cuts from the world’s two largest oil exporters, Saudi Arabia and Russia, scheduled for August helped lift record prices, which were also supported by the dollar’s drop to a two-month low.
A weaker dollar makes crude oil cheaper for holders of other currencies and often increases demand for oil.
Saudi Arabia said last week that it would extend its cut of at least one million barrels per day until August, while Russia said it would cut its oil exports next month by 500,000 barrels per day.
Dealers are also looking forward to US crude stock data, to be released by the American Petroleum Institute later on Tuesday, and analysts expect stocks to increase by 200,000 barrels.
Investors are also awaiting the release of US consumer price index data, a key report on inflation, this week, as well as economic reports from China to gauge demand expectations.
https://www.mawazin.net/Details.aspx?jimare=231082
Al-Sudani Receives The Regional Director Of The International Finance Corporation / IFC And Emphasizes Cooperation To Support Youth And Renewable Energy Projects
Money and business Economy News – Baghdad On Tuesday, Prime Minister Mohamed Shia Al-Sudani received the Regional Director of the International Finance Corporation / IFC, Aftab Ahmed.
The media office of the council stated in a statement received by “Al-Iqtisad News” that “the meeting witnessed discussions on aspects of closer financial cooperation between Iraq and the institution, and ways to develop partnerships, in a way that enhances the ability of the Iraqi economy to face regional and international challenges and global crises.”
Al-Sudani indicated during the meeting that “Iraq’s adoption of a reform path in all financial and banking aspects, aiming to open up to broader horizons for joint action at the international level, in a way that develops the local investment environment.”
And he stressed that “the International Finance Corporation is a partner in the field of development and encouragement of the Iraqi private sector,” indicating “the government’s aspiration to expedite the completion of the development plan for Baghdad International Airport as soon as possible,
because it represents a civilized facade for the country,” stressing “the government’s desire to cooperate With the institution to establish a (Riyada) bank, which aims to support small projects, and what job opportunities it will provide for young people.
For his part, Mr. Aftab Ahmed expressed the readiness of the Finance Corporation for cooperation and partnership with Iraq, referring to the projects that will be implemented in Iraq during the next three years. He also confirmed the continuation of work on the Baghdad airport development project, and its completion in record time, in addition to the readiness to support the establishment of the (Riyada) bank.
Supporting renewable energy projects in Iraq, and other projects to develop the capabilities of Iraqi youth in the field of information technology and artificial intelligence.
Views 45 Added 07/11/2023 https://economy-news.net/content.php?id=35106
The British Ambassador Confirms The Desire Of His Country’s Companies To Work In Iraq
Political 11/07/2023 Baghdad – Mawazine News The British Ambassador to Iraq, Mark Bryson Richardson, confirmed that his country’s companies want to work in Iraq and carry out a number of vital projects.
And the Presidency of the Republic stated in a statement, which Mawazine News received a copy of, that “The President of the Republic, Abd al-Latif Jamal Rashid, received today, at the Baghdad Palace, the United Kingdom’s ambassador to Iraq, Mark Bryson Richardson, on the occasion of the end of his work in Baghdad,” explaining that “the President of the Republic carried the ambassador Greetings to the King of the United Kingdom, King Charles III.
The President of the Republic wished the ambassador success in his upcoming diplomatic missions, expressing his appreciation for Richardson’s efforts to improve relations between the two countries throughout his tenure in Iraq.
He stressed “the importance of strengthening bilateral relations and developing constructive cooperation between the two countries, and the need for coordination on issues of common interest in a way that achieves the interests of the two friendly peoples,” noting “the importance of encouraging British companies to work and invest in Iraq, especially with the clear security stability the country has witnessed over recent years.” “.
The President of the Republic touched on “the importance of cooperation between Iraqi and British universities and benefiting from the experiences of British universities in water, climate and energy issues.”
In turn, the British ambassador stressed “the strength of bilateral relations,” reiterating his country’s “continued support for Iraq in various fields, especially in the field of war against terrorism and limiting climate change.”
And the British ambassador stated that “British companies want to work in Iraq and carry out a number of vital projects,” expressing his thanks to “the President of the Republic for his support for his diplomatic efforts in consolidating relations between the two countries and facilitating the performance of his work duties in Iraq.” https://www.mawazin.net/Details.aspx?jimare=231101
Planning: The Population Of Iraq For The Current Year Reached 43 Million And 324 Thousand People
Local | 11/07/2023 Baghdad – Mawazine News The Ministry of Planning confirmed today, Tuesday, that the population of Iraq for the current year amounted to 43 million and 324 thousand people.
In a statement issued on the occasion of World Population Day, the ministry said that it is “working to conduct a general population census in the next year 2024, with the aim of serving development by building a comprehensive and complete database on the reality of the population in all fields, which will serve development plans,” indicating that ” The government has paid great attention to creating the appropriate conditions for conducting the census after providing financial allocations.
She stated that “the Higher Commission for Census, headed by Deputy Prime Minister – Minister of Planning, Muhammad Ali Tamim, is preparing to hold an important meeting in the coming days to approve the detailed plan for conducting the census,” noting that “the ministry continues its preparations to hold an official celebration on the occasion of World Population Day on July 26.”
The current one, in cooperation and partnership with the United Nations Population Fund and the Iraqi Association for Statistical Sciences, will be devoted to population and climate change.
She stated that “the celebration of World Population Day for this year will coincide with the launch of the national document for population policy in Iraq, which was announced by the Prime Minister, Muhammad Shia’ al-Sudani, on May 17, and includes eleven axes that covered all aspects of human life, and these axes are:
Education and learning – health and reproductive health – childhood, rights and protection – youth and employment – empowerment of women – support for vulnerable population groups (children – the disabled – the elderly) – population and climate changes – internal and external migration – housing – values and social cohesion – finally the axis of advocacy and population education .
And it indicated that “the population of Iraq for this year 2023 is estimated at 43 million and 324 thousand people,” noting that “the annual population growth rate is 2.5 percent.”
And she continued, “The percentage of males is 50.5 percent and females are 49.5 percent of the total population,” explaining that “the percentage of the population in the age group under 15 years is about 40 percent of the total population, while the percentage of the population aged 15-64 years is 75 percent, and young people constitute Within the age group (15-24) years, 28 percent of the total population.
He pointed out that “about 50 percent of the population is concentrated in the governorates (Baghdad – Nineveh – Basra – Dhi Qar), and the urban population (urban) constitutes 70 percent, compared to 30 percent of the rural population,” pointing to “a significant improvement in the health of infants and without children.”
Five years after the decline in mortality rates within this category to less than 20 deaths per (100,000) live births, which reflected positively on the improvement in life expectancy and its rise to 74 years.
She stated that “a decline was recorded in the fertility rate from 3.66 in 2018, to 3.3 births for women aged (15-49) years in 2022,” expecting that “the population of Iraq will enter the fourth stage of the demographic shifts, leading to its entry into the stage of (the demographic gift) that will decrease In which fertility rates reach the level of replacement, and the percentage of age groups of dependent age decreases, compared to an increase in the percentage of age groups of working age.
https://www.mawazin.net/Details.aspx?jimare=231112
$212.5 Million In Central Bank Sales
Economy News – Baghdad Today, Tuesday, the sales of the Central Bank of Iraq in the foreign currency sale window amounted to more than 212.5 million dollars.
The Central Bank’s website published a schedule of its dollar sales, and “Al-Iqtisad News” reviewed it, as it included the participation of 32 banks and 15 exchange companies, and covered external transfer requests of $180.6 million, while cash requests amounted to $31.8 million.
And the Central Bank of Iraq sells the dollar for documentary credits and international settlements of electronic cards at a price of 1305 dinars per dollar.
41 views Added 07/11/2023 – https://economy-news.net/content.php?id=35102
NATO Is Looking To Expand Its Mission In Iraq
Tuesday 11, July 2023 19:40 | political Number of readings: 129 Baghdad / NINA / – NATO confirmed that it is considering expanding its mission in Iraq at the request of the Iraqi government, to include providing advice to the Ministry of Interior on the federal police, stressing that the mission of his mission is being implemented “with the full approval of the Iraqi authorities.”
The statement stated to the NATO summit held in Lithuania on July 11 and 12, that “at the request of the Iraqi government, we are studying expanding NATO’s mission in Iraq, by developing it to include providing advice to the Iraqi Ministry of Interior on the federal police.”
NATO affirmed its commitment and allies to support Iraq to “achieve stability in the country,” praising the “continued efforts and progress made by the Iraqi government and security forces to combat ISIS.”
He urged the alliance to “make more progress in Iraq’s war against terrorism in all its forms and manifestations.”
He stressed that his mission in Iraq will continue to “provide non-combat advice and support capacity building for Iraqi security institutions” in Baghdad, noting that it “has strengthened cooperation with the Iraqi Ministry of Defense.”
NATO made it clear that the continuation of its mission in Iraq is subject to a request from the Iraqi authorities and “will be implemented with their full approval” and in close coordination with relevant partners and international actors, stressing its full respect for “Iraq’s sovereignty and territorial integrity.” / End https://ninanews.com/Website/News/Details?key=1064431
A List Of Dollar Exchange Rates In Iraq Markets
Economy July 11, 2023 Baghdad / National News Center The National News Center publishes a list of dollar exchange rates in Baghdad, the north and the south in the local market for today, Tuesday.
In Baghdad: the buying price of a dollar is 148,750 per 100 dollars, the selling price of a dollar is 146,750 per 100 dollars
in the north: the buying price of a dollar is 149,250 per 100 dollars, the selling price of a dollar is 149,250 per 100 dollars
in the south: the buying price of a dollar is 148,750 per 100 dollars, the selling price of a dollar is 146,750 per 100 dollar https://nnciraq.com/215660/
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