Iraqi News Highlights Saturday Evening 5-6-23
Tlm724 Administrator Bondlady’s Corner
9 Electronic Payment Companies Zero Their
Commissions To Support The Cabinet’s Decision
Saturday 06 May 2023 16:12 | Economical Number of readings: 384 Baghdad / NINA / - Today, Saturday, the Association of Iraqi Private Banks announced that 9 electronic payment companies will zero commissions on points of sale in all government sector institutions and for the end of this year, in support of the Cabinet's decision that includes publishing electronic payment tools in state institutions.
The
Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said
in a statement that "the banking sector is currently working to implement
the decision of the Council of Ministers, to activate electronic payment tools,
in all state institutions, so I decided 9 electronic payment companies, which
are Amwal, Arabs, Iraq Gate, Ishtar Gate and Iriba Iraq."
Weanh, Qi Card, the exchange and the national portal, zero
commissions for local movements of government services on collection devices
known as points of sale “POS” until the end of this year.
He added, "The infrastructure of the banking sector
is ready to deploy electronic payment tools, especially in light of the
presence of a large number of citizens who own bank cards of all kinds."
He stressed that "electronic payment companies are
currently working to deploy their devices in ministries and institutions not
associated with a ministry, in addition to universities, gas stations,
restaurants, pharmacies, medical clinics, markets, etc." and contribute to
spreading the culture of electronic payment and facilitating transactions and
procedures.
He pointed out that "the money cycle will be
completed after activating the electronic payment tools, which contributes to
increasing credit and financing large, medium and small projects."/ End
https://ninanews.com/Website/News/Details?key=1051643
The President Of The Republic Attends The
Coronation Ceremony Of King Charles III
Saturday 06 May 2023 16:52 | political Number of readings:
403 Baghdad / NINA / - President of the Republic Abdul Latif Jamal
Rashid and First Lady Shanaz Ibrahim Ahmed attended today the coronation
ceremony of King Charles III and Queen Camilla at Westminster Abbey Church in
London.
The President of the Republic had received an official
invitation to attend the coronation ceremony of King Charles III as King of the
United Kingdom. / https://ninanews.com/Website/News/Details?key=1051650
Among Them Is Stopping The “Stock Exchange
Applications” .. An Expert Presents Three Proposals To Reduce The Fluctuation
Of The Dollar Price
Money and business Economy News /
Baghdad On Saturday, economist Nabil Al-Tamimi presented three proposals
to limit the fluctuating rise in the dollar exchange rate during the past days.
Al-Tamimi told "Al-Iqtisad News"
that "the central bank has not made any change in its policies during the
recent period that leads to restrictions on access to the dollar," noting
that "the currency selling window maintained a moderate daily sales rate
during the past two weeks between 180-200 million." Dollars per session,
which may approach a little bit from the actual need of the Iraqi market in
dollars.
He
pointed out, "There is no justification for the rise in exchange rates in
the markets other than the speculations conducted by some currency traders and
those benefiting from the rise in the exchange rate to form profitable
deals," expecting "the return of the exchange rate decline, and its
stability at 1340-1360 during the next two weeks (according to the central
bank's response)." .
To ensure this, Al-Tamimi suggested that the Central Bank
and the government "make greater facilities for companies, merchants,
small traders, and financial transfer requests to conduct transfers on (less
severe) terms, remove obstacles and facilitate procedures more and more towards
these requests, and pass transfers more quickly."
And he stressed the necessity of "stopping (mobile
applications) that promote local exchange rates (black market exchange rates),
as applications whose offered data do not include their dependence on real
demand in the market (such as an auction and a real electronic stock exchange,
rather it is just a media display method) to ensure that any attempts are
prevented.
That such applications (as a tool) be used to change the
direction of the market, due to its wide spread and the degree of dependence of
markets, traders and merchants on its presented data, through the illusory
effect on exchange rates and the impact on the markets.
He also suggested "a government move - an Iraqi
central bank to make understandings with the Iranian government to make
financial settlements for Iraq's imports of goods, goods and services from Iran
by paying it in Chinese yuan or Emirati dirhams, with accredited banks in the
Arab Emirates or in China, and ending the state of pressure on the dollar in
circulation."
locally in the Arab markets to feed imports from Iran,
which is estimated at 30 million dollars per day (8 billion dollars annually)
at a rate of approximately 25 thousand tons per day (1200 trucks per day).
Views 284 Added 05/06/2023 - https://economy-news.net/content.php?id=34034
Oil Incurs A Third Weekly Loss
Economy| 08:20 - 06/05/2023 Follow-up - Mawazine
News Oil prices rose as prices closed on Friday, but incurred a third
consecutive weekly loss after recording a sharp decline earlier in the week
ahead of decisions to raise interest rates from major central banks due to
fears that the banking crisis in America will slow down The economy and the
decline in demand for oil. Brent crude closed up $2.80, or 3.9%, at $75.30 a
barrel. US West Texas Intermediate crude increased by $2.78, or 4.1%, to reach
$71.34 per barrel upon settlement.
Brent crude ended the week down about 5.3%,
while WTI plunged 7.1%, even though they both rebounded today. Ended
29/N33 https://www.mawazin.net/Details.aspx?jimare=226201
Expert:
$32 Million Worth Of American Cars Exported To Iraq In 3 Months
Economy| 12:20 - 06/05/2023 Baghdad - Mawazine
News, economic expert Manar Al-Obaidi said, on Saturday, that American personal
car exports to Iraq rose by 306% on a quarterly basis, and by 931% on an annual
basis.
Al-Obeidi added, "The total number of cars exported
to Iraq from America reached 1,021 cars in the first quarter of 2023, compared
to only 99 cars in the first quarter of 2022."
He added, "The average value of imported cars also
increased from $8,500 in the first quarter of 2022 to $32,000 per car in the
first quarter of 2023."
He explained, "The value of American cars exported to
Iraq in the first quarter of 2023 amounted to about $32 million, compared to
$8.5 million in the first quarter of 2022."
And he indicated that "this increase is due to the
increasing demand for American four-wheel drive cars in Iraq and the high
market share of American cars at the expense of other types of other
origins." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=226224
A Slight Increase In The Exchange Rates Of The
Dollar In The Local Markets
Saturday 06 May 2023 11:56 | Economical Number of
readings: 342
Baghdad / NINA / - The exchange rates of the US dollar
against the Iraqi dinar rose slightly, today, Saturday, on the main stock
exchange in the capital, Baghdad.
The central Al-Kifah and Al-Harithiya stock exchanges in
Baghdad recorded this morning an exchange rate of 144,350 dinars for every 100
dollars.
In the exchange shops in the local markets in Baghdad, the
selling price amounted to 145,250 dinars per 100 dollars, while the purchase
price amounted to 143,250 dinars per 100 dollars./ End 8
Source : here