Iraq Economic News and Points to Ponder Friday Afternoon 11-15-24
New Decline In Gold In Iraq.. And Globally Records The Worst Week In 3 Years
Time: 2024/11/15 Read: 1,911 times {Economic: Al Furat News} Gold prices in Iraq continued to decline today, Friday, along with its global decline.
The price of one mithqal in Baghdad of {21 carats} reached 545 thousand dinars after touching the 600 thousand dinars barrier in the past weeks.
Globally, gold prices declined in today's trading, Friday, with the rise of the dollar in global markets, heading towards recording the worst weekly performance in nearly 3 years.
By 11:10 Moscow time, December gold futures (Comex) fell by 0.10% to $2,569.70 per ounce.
Spot contracts for the precious metal fell by 0.07% to $2,563.10 per ounce, according to data from Bloomberg. LINK
Rafidain Bank Announces A Plan To Include Other Branches In The Implementation Of The Comprehensive Banking System
Friday 15 November 2024 10:51 | Economic Number of readings: 257 Baghdad / NINA / Rafidain Bank announced today, Friday, a plan to include other branches in the application of the comprehensive banking system.
The bank stated in a statement: "The continuous expansion in the application of the comprehensive banking system will include more branches in the future within a well-thought-out plan aimed at providing a modern banking experience that contributes to supporting the national economy and meeting the needs of society with distinguished and comprehensive banking services." / End https://ninanews.com/Website/News/Details?key=1169195
Al-Sudani Discusses With Al-Hakim The Government's Efforts To Advance Its Economic And Service Files
Friday 15 November 2024 21:27 | Politics Number of readings: 112 Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani discussed, on Friday, with the head of the National Wisdom Movement, Ammar Al-Hakim, the government's efforts to proceed with its service and economic files.
The Prime Minister's media office said in a statement that "Prime Minister Mohammed Shia Al-Sudani met with the head of the National Wisdom Movement, Mr. Ammar Al-Hakim" and discussed with him the overall situation in the country, and the government's efforts to proceed with its service and economic files, especially after the election of the Speaker of Parliament, who will support the government's work in completing the implementation of its program and its basic goals. "
He added that "the meeting touched on the national entitlement represented by the general population census process that will be implemented this week, and its reflection on long-term development plans, in addition to discussing developments in the region and the tragedies that the Palestinian and Lebanese peoples are exposed to due to the continued crimes of the occupying entity, and Iraq's continuous calls to stop its repercussions." / End5 https://ninanews.com/Website/News/Details?key=1169256
Oil Falls Amid Fears Of Weekly Loss
Energy Economy News - Follow-up Oil prices fell early Friday, as concerns about oversupply offset a sharp drop in U.S. fuel inventories. Brent crude futures fell 30 cents, or 0.41 percent, to $72.26 a barrel by 0105 GMT.
U.S. West Texas Intermediate crude futures also fell 25 cents, or 0.36 percent, to $68.45.
Brent crude is set to fall 2.2 percent on the week, while WTI is set to fall 2.7 percent.
https://economy-news.net/content.php?id=49851
The House Of Representatives Will Resume Its Sessions Next Week After Completing The Population Census Operations In The Country
Friday 15 November 2024 20:40 | Politics Baghdad / NINA / The Presidency of the Council of Representatives announced the resumption of parliament sessions next week after the completion of the population census operations in the country.
It affirmed in a statement its full support for conducting the general population and housing census 2024, and urged representatives to direct and encourage citizens in their areas to cooperate with the field teams of the Federal Ministry of Planning to accomplish their tasks with the aim of making the census operations that will be conducted on the 20th and 21st of this month a success. / End https://ninanews.com/Website/News/Details?key=1169247
Minister Of Commerce: The Government Has Developed A Roadmap To Develop The National Economy And Support The Private Sector
Minister of Trade, Athir Al-Ghurairi, confirmed today, Wednesday, that the government has developed a roadmap for developing the national economy, noting that the private sector is witnessing a remarkable recovery thanks to government support.
In press statements, Al-Ghurairi explained that "the government has begun implementing economic reforms through new legislation," noting that "many laws have been sent to the Council of Representatives for approval." He added that these reforms represent a "reform revolution" that the Iraqi people may not notice at the present time, but will soon appear clearly to citizens, businessmen and project owners.
The minister indicated that the government has begun practical steps to support important sectors such as the pharmaceutical industry, which has witnessed a remarkable recovery as a result of effective government policies, in addition to localizing other industries.
Al-Ghurairi also noted that the government has taken new regulatory steps through the Ministry of Trade Law, which allows for the issuance of accurate and clear data, which contributes to developing a roadmap for local and international businessmen and investors. He expressed his "optimism about the future of the Iraqi economy" in light of these reforms.
https://www.radionawa.com/all-detail.aspx?jimare=40229
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