KTFA – Some “Iraq News” Posted by Clare at KTFA

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Clare:  The government sees clear indicators: the parallel dollar will be equal to the official one

5/26/2024   Baghdad

Today, Saturday (May 25, 2024), Mazhar Muhammad Saleh, the economic advisor to the Prime Minister, confirmed that the dollar exchange rate in the parallel market is close to matching the official price, in conjunction with the increased capacity of banks to meet requirements.

Saleh said in a press statement followed by “Baghdad Today” that “the price of the dollar will be 1320 dinars in the coming days,” noting that “the important factors that work to reduce the value of the US dollar against the Iraqi dinar in the parallel exchange market will remain centered on two important variables, the first of which is the rise Abilities of operating banks to comply with external transfer rules.

He explained that “the indicators are witnessing a cumulative rise, according to which the percentage of requested and executed requests in foreign currency for the benefit of financing foreign trade for the private sector through official transfer ports has increased, which has increased to more than 85%.”

For more than two months, the exchange rates of the dollar against the Iraqi dinar have stabilized around 145 thousand dinars per 100 dollars, after it was between 155 and 160 thousand dinars per 100 dollars, while the decline in the exchange rate coincided with an increase in the amount of the Central Bank’s sales of dollars.    LINK

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Clare: Al-Haims announces joint cooperation to list government bonds on the Iraq Stock Exchange

5/26/2024

Baghdad – IA – Wissam Al-Mulla

Today, Sunday, Chairman of the Securities Commission, Faisal Al-Haims, announced joint cooperation with the Central Bank and the Ministry of Finance to list government bonds on the Iraq Stock Exchange.

Al-Haimas told the Iraqi News Agency (INA): “The authority is independent and affiliated with the Council of Ministers. Its work is to monitor the trading of bank shares to complete their requirements and list them in the Iraq Stock Exchange, by submitting financial statements according to the required timelines.”

He pointed out, “There has been great cooperation during the recent period with the Central Bank and the Ministry of Finance to list  government bonds in the Iraq Stock Exchange.”   LINK

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Clare:  Iraq and Iran are discussing ways to strengthen relations in the oil and energy sector

5/26/2024

The Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul Ghani, met on Sunday with the Ambassador of the Islamic Republic of Iran to Iraq, Muhammad Kazem Al-Sadiq.

The Ministry of Oil stated in a statement, “During the meeting, they discussed bilateral relations between the two countries in the oil and energy sector, and ways to enhance them in service of common interests.”   LINK

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Clare:  The Prime Minister confirms the government’s aspiration towards consolidating joint cooperation with Oman

5/26/2024  Baghdad
 
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Sunday, the government’s aspiration towards consolidating joint cooperation with Oman.

A statement issued by the Prime Minister’s Media Office, received by the Iraqi News Agency (INA), stated that “Prime Minister Muhammad Shia’ al-Sudani received today the Ambassador of the Sultanate of Oman to Iraq, Hamid bin Ahmed Aidaroos, on the occasion of the end of his work duties.”

According to the statement, Al-Sudani appreciated “the efforts made by the Omani ambassador during his tenure in Iraq,” expressing his “wishes for success in his future duties.”

He stressed “the importance of bilateral relations between the two countries, and the government’s aspiration towards consolidating and developing joint cooperation at various levels,” noting “the importance of coordinating efforts to confront the challenges in the region as a result of the continued aggression against Gaza and the expansion of the conflict, which has been reflected in the security and stability of the region.”

For his part, Aidaroos expressed his “appreciation for the extent of the cooperation he received during his work in Iraq,” stressing “his country’s government’s keenness to strengthen bilateral relations and raise the level of cooperation in several fields, in order to achieve the interests of the two countries and the prosperity of their people.” LINK

Clare: Nechirvan Barzani: The environment is suitable for Qatari investment in Iraq and the region

5//26/2024

The President of the Kurdistan Region, Nechirvan Barzani, received today, Sunday, the Secretary-General of the Qatari Ministry of Foreign Affairs, Ahmed bin Hassan Al-Hammadi.

The Presidency of the Region said, in a statement received by Shafaq News Agency, that the meeting was attended by the Ambassador of Qatar to Iraq and the Consul General of the State of Qatar in Erbil, indicating that the two sides stressed the development of Qatar’s relations with Iraq and the Kurdistan Region, and they also talked about Qatari investment opportunities in Iraq and the Region.

The Qatari delegation affirmed its confidence in Iraq and the Kurdistan Region, and its desire to develop relations in the economic and commercial fields that Qatar is opening in Erbil. 

The delegation also expressed its willingness to invest in the fields of energy, tourism, agriculture, education, health and many other fields.

Barzani congratulated the Qatari delegation on the opening of the Consulate General in the Kurdistan Region, and stressed that the environment is suitable for Qatari investment in Iraq and the Kurdistan Region, especially in infrastructure projects.

 He also expressed his gratitude for the support of the State of Qatar and its assistance to Iraq and the Kurdistan Region, noting that Iraq and the Kurdistan Region have many partnerships with Qatar.

During the meeting, the situation in the region and a number of issues of common interest were also discussed.   LINK