IQD NEWS

Would you like to react to this message? Create an account in a few clicks or log in to continue.
IQD NEWS

IQD NEWS INFORMATION AND TALK


Thanks to all Members or New Members for checking back in. I am redoing the site and hope to have more info on our investment

The site is set up for news and a place to keep informed on the IQD. .....

May 2024

MonTueWedThuFriSatSun
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

WORLD











    November 9, 2023

    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:29

    Central Bank of Iraq Resumes Sale of Gold
    November 9, 2023 Gold-bullion-Pixabay
    he Central Bank of Iraq (CBI) has decided to resume the sale of gold ingots and coins starting on Wednesday, November 8, 2023, using an electronic platform.

    The bank has confirmed that both government and private banks can apply to purchase gold ingots and coins through a dedicated online platform, emphasizing that the sales will be conducted in accordance with the instructions and regulations issued by the Central Bank of Iraq.

    (Source: Central Bank of Iraq)
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:30

    Iraq to get New $139m Cement Production Line
    November 9, 2023 Northern-Region-Cement
    The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq.

    According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 months, at a cost of $139 million.

    KHD, a subsidiary of China's AVIC, confirmed an EPC contract with Northern Region Cement for what it called "engineering, equipment supply, construction, commissioning and site services", without specifically mentioning Iraq or the contract value.

    (Sources: Saudi Stock Exchange, KHD)
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:35

    Iraq's PM meets Kurdish leader in Erbil, discusses national and regional issues
    November 9, 2023 1699551481641
    Shafaq News/ On Thursday, Iraqi Prime Minister Mohammad Shia Al-Sudani held a meeting with Kurdish leader Masoud Barzani at Barzani's headquarters in the Saladin resort in Erbil Governorate, the capital of the Kurdistan Region of Iraq.
    According to a statement from Al-Sudani's office, both sides discussed various national issues. The leaders delved into implementing the government program, addressing significant files, and analyzing the latest security and political developments at the regional level. The discussion also encompassed the tragic events unfolding in the Gaza Strip, along with condemning the recent Zionist aggression against the Palestinian people.
    Prime Minister Al-Sudani arrived in Erbil earlier on Thursday and was received by the Kurdish Prime Minister, Masrour Barzani, at Erbil International Airport.
    Foreign Minister Fouad Hussein and several federal government officials are accompanying the Prime Minister on this visit. https://shafaq.com/en/Iraq-News/Iraq-s-PM-meets-Kurdish-leader-in-Erbil-discusses-national-and-regional-issues
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:38

    Taxes from Kurdistan nearly equals all Iraqi governorates combined: Stop
    November 9, 2023 1699533493142
    Shafaq News/ The Stop Economic Organization on Thursday said that the taxes collected from the Kurdistan region are nearly equal to those collected in all other Iraqi governorates.

    Ari Abdullah, the head of Stop, told Shafaq News that "the taxes collected by Kurdistan Regional Government (KRG) from the citizens are equal to what was collected by the other Iraqi governorates combined."

    He added that, "according to a Stop report, fifteen Iraqi governorates collected nearly two trillion dinars in the first six months of 2023."

    "The governorates had set the value of internal revenues in the federal budget at 15 trillion dinars. It has been six month, what has been collected by KRG alone is equal to what has been collected from all the governorates so far."

    Abdullah said that "due to the financial crisis that the region went through, the government issued about 34 decrees on tax augmentation from 2016 to 2021." He added, "the ninth cabinet of the regional government was able to implement all of those decisions."

    Abdullah called on the region's government to "reconsider its tax and customs procedures, as the taxes imposed on citizens are much higher than those in Iraq. Many professionals have left their professions and some have moved to central and southern Iraq due to the high taxes in Kurdistan." https://shafaq.com/en/Kurdistan/Taxes-from-Kurdistan-nearly-equals-all-Iraqi-governorates-combined-Stop
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:40

    CBI reveals inflation trends in the region
    November 9, 2023 1699519508936
    Shafaq News / The Central Bank of Iraq has disclosed the inflation trends in Iraq and the region, confirming a decrease in inflation rates for this year compared to the previous year.

    The Central Statistical and Research Department of the Iraqi Central Bank stated that the inflation rate decreased from (4.4%) in August 2022 to (3.7%) in August 2023. This indicates that the inflation rates are within acceptable limits compared to some countries in the region, such as Iran (46.0%), Turkey (57.0%), the United Arab Emirates (3.4%), and Saudi Arabia (2.4%). https://shafaq.com/en/Economy/CBI-reveals-inflation-trends-in-the-region
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:45

    Minister Of Oil: Iraq Has Contributed, Alongside Producers, To Achieving The Goal Of Stabilizing Global Markets

     
    Earth News/ The Minister of Oil, Hayyan Abdul Ghani, stressed today, Thursday, the importance of the stability of global oil markets in light of the various circumstances and challenges, and the major role of “OPEC Plus” in mitigating the impact of crises on the stability of oil markets.

    A statement from the ministry, received by Earth News, stated, “This came during his chairmanship of the monthly Iraqi oil pricing meeting, in the presence of deputy ministers, directors of the ministry’s center departments, the oil companies concerned, and officials at the SOMO oil marketing company.”

    Abdul Ghani said, according to the statement, “Dealing realistically with the conditions and challenges facing global markets has greatly affected the relative control over the level of balance, supply and demand, and Iraq has contributed alongside the producers in achieving this goal.”

    Abdul Ghani pointed out “the importance of following developments in the oil market and the changes in it, in order to maintain the required stability.”

    The statement added, “The pricing meeting included reviewing reports and data on oil market developments and influencing factors, and the necessary measures were taken to price types of Iraqi oil according to expectations and realistic reading of global markets, in a way that achieves the best financial revenues for the international treasury.”

    https://earthiq.news/archives/296718
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:51


    Newspapers are interested in Sudanese confirmation of seeking to recover those convicted on corruption charges and Baghdad hosting the Asian Society conference
    November 9, 2023 1088780-cb9d7eb7-c4d0-44c6-80d1-e882ab5dedb6
    The newspapers published in Baghdad today, Thursday, the ninth of November, focused on Prime Minister Muhammad Shiaa Al-Sudani’s confirmation of Iraq’s efforts to recover those convicted on corruption charges and its stolen money, and Baghdad’s hosting of the Asian Association conference... and other political, security and economic issues, including the extension of the Jambur oil pipeline.

    Al-Zawraa newspaper, published by the Iraqi Journalists Syndicate, highlighted on its front page Prime Minister Muhammad Shia’ al-Sudani’s confirmation that Iraq is seriously seeking to recover those convicted on corruption charges and its looted funds.

    She referred to what Al-Sudani said, while chairing the seventh regular meeting of Iraqi ambassadors represented in Arab and foreign countries: “Iraq is communicating with the Arab and international circles in order to achieve a ceasefire and supply our Palestinian people besieged in Gaza with humanitarian aid.”

    It quoted the Prime Minister: “Iraq’s position was consistent with the historical position of the people, religious authorities, and political leaders,” stressing to the Iraqi diplomatic missions the need to reveal Iraq’s clear position on the Palestinian issue, which we consider an issue of principle and belief.

    She indicated that the Prime Minister reviewed the most prominent achievements in the government program, in terms of services, confronting poverty, unemployment, combating corruption, and reforming the economic file, as well as reviewing the promising and future opportunities that the government will invest in the oil, strategic industries, and gas sectors, where Iraq will enter. To the global gas market and will achieve self-sufficiency within 3-5 years.

    Al-Zawraa also focused on Al-Sudani’s guidance on the necessity of continuous and direct communication with the Iraqi communities, and his emphasis that one of the duties of diplomatic missions abroad is to connect members of the communities with their country, and to encourage creative artists and intellectuals to communicate and provide their services to Iraq.

    As for Al-Sabah newspaper, which is published by the Iraqi Media Network, it followed Baghdad’s hosting of the Asian Society conference with the participation of most Asian member states to discuss eight files, including voting on a draft resolution related to Palestine.

    In this regard, it quoted a member of the Foreign Relations Committee in the House of Representatives, Haider Al-Salami, as saying: “The Political Committee of the Asian Parliamentary Association will hold its meeting on Friday and Saturday,” noting that the meeting “will be attended by all Asian delegations within the Assembly, which will reach 15 delegations.”

    Al-Salami explained: “The General Secretariat of the Assembly will discuss eight draft resolutions related to the political situation for the purpose of unifying the visions of Asian parliaments and activating the role of parliamentary diplomacy,” adding that “the Ministry of Foreign Affairs is concerned with diplomacy and international relations, and today we are on another side, which is parliamentary diplomacy, which is concerned with rapprochement of peoples.” Considering that members of Parliament are representatives of the people and decisions and laws are issued from them.”

    The representative continued:

    On the economic issue, Al-Zaman newspaper reported on the Ministry of Oil’s extension of the Jambur oil pipeline.

    It quoted oil expert Bahjat Ahmed as saying: “This line is not related to the National Union or the Kurdistan Regional Government, and this line is within the Northern Gas Company and within the powers of the Federal Ministry of Oil.”

    He added: "This line between Kormor and Jambur is old and its establishment dates back to the era of the previous regime, and the regional government used it to pump Condest for the purpose of mixing this substance with the region's oil for the purpose of improving its quality."

    The oil expert stated, according to Al-Zaman: “The Oil Ministry’s statements relate to the new line and are not related to the Kurdistan Regional Government, and there is a political issue behind it, and the Kurdistan Region does not produce enough gas for the purpose of using it in other regions of Iraq, and it needs gas for the purpose of internal use and achieving sufficiency.” .

    The newspaper explained that the Jambur line transports crude oil from the Kirkuk fields to the Turkish port of Ceyhan on the Mediterranean coast. Crude began flowing through it for the first time in 1976, but the oil stopped flowing through it during the past few years, and its path has changed.

    She continued: “Because the route of the line cuts through several cities, such as Baiji in Salah al-Din, Shura and Ain al-Jahsh in Nineveh, and then Dohuk before it enters Turkey, the regional authorities changed its route and connected it to new pipelines that pass through the Kurdistan region, and they took over extracting oil from the Kirkuk fields and exporting it to Turkey.” https://www.ninanews.com/Website/News/Details?key=1088780
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 19:59


    An economic vision to end the dollar’s ​​dominance of the Iraqi market
    10 hours ago455
    November 9, 2023 %D8%AF%D9%88%D9%84%D8%A7%D8%B1
    The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, presented an economic vision to end the crisis in the parallel market for the dollar in Iraq.

    Al-Tamimi said in a press interview seen by “Taqaddam” that “the rise in the dollar exchange rate in the parallel market was not surprising, but rather it was indicated through our expectations a month ago from now for multiple reasons, some of which are external related to Washington’s position on the Sudanese government and others are internal related to the Central Bank and the extent of its implementation.” for actual procedures.

    He added, “The Chamber of Commerce put forward a 7-dimensional vision to contain the parallel market, starting with investigating the mechanisms for granting the dollar at the official rate at the specified outlets and seeking to end the dollarization of several sectors at home and emphasizing this measure, pointing out that the crisis is not temporary because there are accumulated factors that caused its exacerbation.” Recently".

    He pointed out that “70% of the dollar is exported abroad because Iraq is devoid of industries that supply its markets with basic needs. This is a catastrophic matter that was overlooked after 2003, which makes the country’s economy dependent on external conditions, and any crisis will hit hard internally, requiring a comprehensive review to revive the industry again.” The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, presented an economic vision to end the crisis in the parallel market for the dollar in Iraq.

    Al-Tamimi said in a press interview seen by “Taqaddam” that “the rise in the dollar exchange rate in the parallel market was not surprising, but rather it was indicated through our expectations a month ago from now for multiple reasons, some of which are external related to Washington’s position on the Sudanese government and others are internal related to the Central Bank and the extent of its implementation.” for actual procedures.

    He added, “The Chamber of Commerce put forward a 7-dimensional vision to contain the parallel market, starting with investigating the mechanisms for granting the dollar at the official rate at the specified outlets and seeking to end the dollarization of several sectors at home and emphasizing this measure, pointing out that the crisis is not temporary because there are accumulated factors that caused its exacerbation.” Recently".

    He pointed out that “70% of the dollar is exported abroad because Iraq is devoid of industries that supply its markets with basic needs. This is a catastrophic matter that was overlooked after 2003, which makes the country’s economy dependent on external conditions, and any crisis will hit hard internally, requiring a comprehensive review to revive the industry again.”
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 20:02


    Parliamentary Communications: Proof of corruption in state departments and institutions
    7 hours ago536
    November 9, 2023 %D9%85%D9%84%D9%81
    The Transport and Communications Committee confirmed evidence of corruption in state departments and institutions.

    Committee member, Karwan Ali, said in a press interview seen by “Taqaddam” that “the committee is following up on its supervisory work by following up on the work of the Ministries of Transport and Communications and our affiliated institutions in the supervisory aspect.”

    He added, “Investigative committees and fact-finding committees were formed, and we were able to host ministers, general directors, and officials in government institutions and telecommunications companies, as well as field visits.”

    He continued, “In addition to forming 4 investigative committees, they were able to prove corruption in departments and institutions within the committee’s work.”
    https://takadum-news.com/archives/191198
    butterfly
    butterfly
    Platinum
    Platinum


    Posts : 55503
    Join date : 2013-01-17

    November 9, 2023 Empty Re: November 9, 2023

    Post  butterfly Thu 09 Nov 2023, 20:06

    The Central Bank reveals inflation trends in Iraq and the region
    November 9, 2023 37928
    On Thursday, the Central Bank of Iraq revealed inflation trends in Iraq and the region, confirming lower inflation rates for this year compared to last year.

    The Department of Statistics and Research at the Central Bank of Iraq confirmed in a statement received by Al-Iqtisad News that the inflation rate in it decreased from (4.4%) in August 2022 to (3.7%) in August 2023, indicating that inflation rates are within acceptable limits compared to some countries in the region such as Iran. (46.0%), Turkey (57.0%), the United Arab Emirates (3.4%), and the Kingdom of Saudi Arabia (2.4%).

    https://economy-news.net/content.php?id=37401

    Sponsored content


    November 9, 2023 Empty Re: November 9, 2023

    Post  Sponsored content


      Current date/time is Thu 02 May 2024, 01:31