Ahead Of Eid, The Dollar Rises Against The Dinar In Baghdad
Economy | 11:35 – 05/06/2025 Mawazine News – Baghdad The US dollar exchange rate rose on Thursday morning in Baghdad markets, as Eid al-Adha approaches.
The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 141,450 Iraqi dinars for every $100, while yesterday, Wednesday, it recorded 141,250 dinars for every $100.
Selling prices also rose in the exchange market in Baghdad’s local markets, where the selling price reached 142,500 Iraqi dinars for every $100, and the buying price reached 140,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=262190
Oil Prices Rise Slightly To Around $66 Per Barrel
Economy | 05/06/2025 Mawazine News – Baghdad – Global oil prices continued their recovery on Thursday, approaching $66 per barrel.
The price of a barrel of Brent crude oil reached $65.87 at 10:45 p.m. Baghdad time, having closed at $64.85 the day before. The price of US crude reached $63.58 per barrel, having closed at $62.85 the day before. https://www.mawazin.net/Details.aspx?jimare=262206
Al-Sudani: Industry Is The Cornerstone Of Economic Recovery.
Thursday, June 5, 2025 Economic Number of readings: 55 Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: “Industry is the main pillar of economic recovery, which contributes to achieving sustainable development.”
Al-Sudani said in a speech at the National Industry Day celebration at the headquarters of the Iraqi Federation of Industries: “Iraqi industrialists have proven their ability to innovate and face challenges.”
The Prime Minister added: “After 2003, our country witnessed an ill-considered openness that reached the point of dumping and halted industry.”
He continued: “Our industry today has entered the area of self-sufficiency, and for the first time, the government has imposed sovereign guarantees for private sector projects, and we did not hesitate to issue any decision to protect the national product.”
He stressed: “The private sector is a partner in facing challenges, and the Council of Ministers is ready to take decisions that go beyond product protection decisions, including preventing the import of competing materials. “
He said that the private sector is a partner in facing challenges, indicating that more than 34,000 industrial projects are covered by the guarantee.
He added that Iraq is an oil, industrial and agricultural country, pointing out that there is a challenge in the lack of control over ports, which has contributed to the entry of cheap goods that have affected local products.
The Prime Minister continued: We aim to transform our oil exports into high-value derivatives by creating an important and in-demand petrochemical oil industry for export. /End https://ninanews.com/Website/News/Details?key=1231926
Iraq Stops Attempt To Smuggle Rare Archaeological Treasures Abroad
A wish | 01:08 – 05/06/2025 Mawazine News – Baghdad – The Parliamentary Security and Defense Committee confirmed that the Ministry of Interior has implemented intensive intelligence efforts that resulted in four major strikes against antiquities and rare book smuggling networks over the past two months across the country.
Committee member MP Yasser Iskandar stated that security and intelligence teams, in coordination with various security formations, carried out operations in Baghdad and other governorates, where a rare archaeological book was seized in Diyala and two individuals in its possession were arrested.
He explained that these successes are the result of precise intelligence efforts and continuous field monitoring of elements operating within local networks cooperating with external parties to smuggle historical treasures.
Iskandar also pointed to the development of the plan to secure archaeological sites through coordination between the General Authority for Antiquities and security services, which has helped enhance protection and prevent the infiltration of smugglers.
He emphasized the importance of citizen awareness in thwarting smuggling operations, as reports and national sentiment have contributed to preserving the cultural heritage of Iraq, which is one of the richest countries in the world in antiquities.
These operations have resulted in the arrest of a number of those involved and the dismantling of smuggling operations targeting Iraqi cultural heritage. https://www.mawazin.net/Details.aspx?jimare=262193
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