Congratulations on Christmas.. The President of the Republic stresses the importance of consolidating security and stability and enhancing brotherhood and coexistence among all components

Tuesday 24 December 2024 18:49 | GeneralNumber of readings: 106

Baghdad / NINA / The President of the Republic, Dr. Abdul Latif Jamal Rashid, congratulated the Christians of Iraq on the occasion of Christmas, stressing the importance of working to consolidate security and stability and enhance brotherhood and coexistence among all components.

The President said in a tweet on the Aks website: "On the occasion of Christmas and the New Year, we extend our warmest congratulations and blessings to our people and our Christian families in Iraq and the world, wishing them a happy holiday in which everyone enjoys security, safety and joy."

He added: "On this dear occasion, we stress the importance of preserving the gains achieved in the country, working to consolidate security and stability, and enhancing brotherhood and coexistence among all components, and working together to build a prosperous future for all Iraqis. We also stress the importance of working to establish security and peace and end the tensions and crises facing the region." / End9   https://ninanews.com/Website/News/Details?Key=1176497

Dollar Prices Rise In Baghdad And Erbil With Stock Exchanges Closed

Economy  | 05:00 - 12/24/2024   Mawazine News – Economy  The markets of the Iraqi capital, Baghdad, and Erbil, the capital of the Kurdistan Region, witnessed a rise in the dollar exchange rates with the closing of the stock exchanges on Tuesday evening. The

dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 151,400 dinars for every 100 dollars, after it had recorded 151,200 dinars this morning.

Selling prices also rose in the local markets in Baghdad, where the selling price reached 152,500 dinars, while the purchase price reached 150,500 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, where the selling price reached 151,400 dinars for every 100 dollars, while the purchase price reached 151,300 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257837

Gold Prices Stabilize In Baghdad

Stock Exchange  Economy News – Baghdad  The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Tuesday (December 24, 2024).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 552 thousand dinars, and a purchase price of 548 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 522 thousand dinars, and the purchase price was 518 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 550,000 and 560,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 520,000 and 530,000 dinars.  95 views   12/24/2024 - https://economy-news.net/content.php?id=51235

Oil Prices Rise Ahead Of Christmas

Energy   Economy News – Baghdad   Oil prices rose on Tuesday in thin trading ahead of the Christmas holiday, supported by U.S. economic data and rising demand for oil in India, the world's third-largest oil importer.

Brent crude futures rose 33 cents, or 0.45 percent, to $72.95 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.42 percent, to $69.53 a barrel by 01:14 GMT.

New orders for key U.S. manufactured capital goods rose in November amid strong demand for machinery, while new home sales also rebounded in a sign that the U.S. economy is on solid footing toward the end of the year. The United States is the world's largest oil consumer.

In the shorter term, traders are looking for signs of U.S. demand from crude oil and fuel inventory data due from the American Petroleum Institute later on Tuesday.

WTI crude has finished the last three sessions just below $69.50 as volatility seeps out of the market ahead of the holiday period, said Tony Sycamore, market analyst at IG.

Meanwhile, India's crude oil imports, the world's third-largest oil importer, rose 2.6% year-on-year to 19.07 million metric tons in November, government data showed, supported by strong demand amid rising economic activity and travel.

118 views    12/24/2024 - 8:57 AM   https://economy-news.net/content.php?id=51221

Director Of Iraqi Ports: Our Revenues Exceeded One Trillion Dinars In 2024

economy | 08:21 - 12/24/2024  Mawazine News – Baghdad  The Director General of the Ports Company, Farhan Fartosi, stated today, Tuesday, that the company's revenues exceeded one trillion dinars in the year 2024.

Fartosi said in a statement to "Mawazine News" that "the company's revenues achieved a leap through the development of docks and port facilities, in addition to introducing the electronic automation system."

He pointed out that "the revenues for the year 2024 recorded more than one trillion dinars after they did not exceed half a trillion in previous years."  https://www.mawazin.net/Details.aspx?jimare=257853

Central Bank Governor: We Have Issued Controls To License Digital Banks In Iraq

Banks  Economy News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, announced today, Tuesday, the launch of strategic projects to support digital transformation, while indicating that the Central Bank has issued controls to license digital banks in Iraq.

Al-Alaq said in a speech during the fourth annual international scientific conference, entitled (Digital Financial Services - Challenges of Reality and Future Foresight), which was followed by "Al-Eqtisad News", that "the conference was organized in partnership between the Financial and Accounting Center and a number of universities and academic institutions, which gives an image aimed at discussing developments in the field of financial and digital services and the challenges they face, in addition to foreseeing the future of this vital sector."

He added that "the world has witnessed, since the late eighteenth century, four inventions that changed its face, the first with the invention of the steam engine, the second with the electric engine and large-scale production, the third that occurred in the middle of the twentieth century in the revolution of electronics and information technology, and the fourth that began in the year 2000, which focused on artificial intelligence, the Internet, robotics, and big information."

He explained that "the Central Bank paid great attention to digital transformation as one of its goals within its third strategic plan for the years from 2014 to 2026 to enhance the efficiency of banking work, improve financial performance, and meet customer needs in light of rapid technological development."

He continued: "The Central Bank has taken great strides to support digital transformation by rotating the technical infrastructure and issuing regulations and instructions that contribute to enhancing financial inclusion," noting "the launch of strategic projects, including the instant payments project, local cards and unified payment gateways, in addition to issuing controls to license digital banks in Iraq, taking into account cybersecurity requirements and the risks associated with this transformation."

He pointed out that "the objectives of the conference, which include identifying current challenges for digital financial services, anticipating future trends, and enhancing innovation and cooperation with relevant parties, reflect the urgent need for joint action."

He stressed that "cybersecurity is one of the most important challenges facing us today, so the Central Bank launched projects to enhance cybersecurity by developing tools and systems for the Cybersecurity Management Center, and adopting an advanced approach to enhance cybersecurity for the Central Bank and the banking sector."

He added, "Artificial intelligence and its role in digitizing financial services has become a topic that cannot be ignored as it opens new horizons for innovation and improvement of services. We at the Central Bank of Iraq believe that financial technology completes the future of the financial sector, which requires enhancing efforts to prepare national cadres capable of absorbing and developing these technologies," stressing "the Central Bank's commitment to continuing its efforts to achieve financial digital transformation and enhance innovation and sustainability in the financial sector."

227 views   Added 12/24/2024 - https://economy-news.net/content.php?id=51239 

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