Mazhar Saleh: The Government’s Hypermarket Strategy Has Enhanced Market Stability And Reduced Inflation.
Time: 2025/06/14 12:02:55 Read: 1,080 times {Economic: Al Furat News} The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, confirmed today, Saturday, that the government’s trade policy, after adopting the semi-cooperative markets (hypermarkets) strategy, has represented an important development in the price defense policy against financing trade from the parallel exchange market currency, and has created sustainable and stable competitiveness in the pricing system.
Saleh explained in an interview with Al Furat News Agency, “This effective trade policy has led to the regularity and stability of the national market, particularly in the stability of the consumer price index, which is one of the pillars of measuring inflation in the country.”
He pointed out that “the country is experiencing a significant decline in its annual inflation rate, coinciding with the approaching completion of the first half of this prosperous year.” LINK
Al-Sudani Affirms The Government’s Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications
Saturday, June 14, 2025, | Economic Number of reads: 280 Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani affirmed the government’s support for anyone who offers a national industry with high technology and distinguished specifications.
The Prime Minister’s media office said in a statement: “Al-Sudani inaugurated today the Al-Alamiya factory for the production of medical and industrial gases, one of the private sector projects in Baghdad.
Al-Sudani toured the factory’s departments, which is the first of its kind in Iraq, in terms of integrated production lines and operational energy efficiency, praising the efforts of the workers in this important industrial project.
Al-Sudani stressed that there are many projects in the governorates that need industrial gases, especially iron factories in Karbala, Basra, Salah al-Din, and the Kurdistan Region of Iraq.”
He pointed to the government’s support for the industrial sector in general, and for businessmen and industrialists in the private sector, and anyone who offers an achievement similar to this factory.
The Prime Minister stressed the support and provision of facilities for anyone who offers industry with high technology and distinguished specifications, pointing out the government’s keenness to provide land for large industrial projects, which would open the door to important Iraqi industries that support the economy.
The factory was built on an area of 10 dunams at a cost of $ 32 million, and includes the tallest industrial tower in Iraq with a height of 69 meters, and its daily storage capacity is (1,250) tons of various products, while the production capacity of medical and industrial gases is (727,200) thousand tons annually, as nitrogen, argon, medical and industrial oxygen, and medical, industrial and food carbon dioxide will be produced.
The factory will meet about 80% of the needs of the Iraqi market for industrial and medical gases, and in the second phase, coverage and export will be completed. /End https://ninanews.com/Website/News/Details?key=1234371
The Dollar Price Fell In Local Markets With The Closing Of The Stock Exchange.
Saturday, June 14, 2025, | Economic Number of reads: 291 Baghdad / NINA / The dollar exchange rates decreased in the markets of Baghdad and Erbil, with the closing of the stock exchange, on Saturday evening.
The dollar exchange rate recorded a decline with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, reaching 144,150 dinars for $100, after it had reached 145,000 dinars for $100 this morning.
The selling price also decreased in exchange shops in the local markets in Baghdad, reaching 145,250 dinars for $100, while the purchase price reached 143,250 dinars for $100.
In Erbil, prices also decreased, as the selling price reached 144,800 dinars for every $100, and the purchase price 144,500 dinars for every $100. https://ninanews.com/Website/News/Details?key=1234357
Iraqi Oil Prices Jump On Global Markets
Economy | 06/13/2025 Mawazine News – Baghdad – Iraqi oil prices rose on Friday during daily trading in the global market.
According to data reviewed by Mawazine News, Basra Medium crude oil recorded $68.44 per barrel, while Heavy crude oil recorded $65.64 per barrel, with a change of +2.08 for both.
The data also showed global oil prices, with British Brent crude recording $74.37 per barrel, while US West Texas Intermediate crude oil recorded $73.28 per barrel, with a change of +5.01 and +5.24, respectively. https://www.mawazin.net/Details.aspx?jimare=262479
Gold Prices Rise In Baghdad And Erbil
Saturday, June 14, 2025, | Economic Number of reads: 361 Baghdad / NINA / The prices of “foreign and Iraqi” gold witnessed a significant increase in the local markets in the capital, Baghdad, and Erbil, on Saturday morning.
The selling price of one mithqal of 21-karat Gulf, Turkish, and European gold in the wholesale markets on Al-Nahr Street in Baghdad, this morning, reached 700,000 dinars, while the purchase price reached 696,000 dinars.
The selling price of one mithqal of 21-karat Iraqi gold reached 670,000 dinars, while the purchase price reached 666,000 dinars.
As for gold prices in jewelry stores, the selling price of one mithqal of 21-karat Gulf gold ranged between 700,000 and 800,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 670,000 and 680,000 dinars.
In Erbil, the selling price of a mithqal of 22-karat gold reached about 736,000 dinars, and 21-karat gold reached 703,000 dinars, while 18-karat gold recorded about 602,000 dinars per mithqal. / https://ninanews.com/Website/News/Details?key=1234299
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