Day: December 2, 2022

A number of activists and volunteering teams in Maysan organized an awareness campaign to prevent the import of children’s toys whose colors symbolize the “gay” flag, in partnership with the Relations and Media Department of the Maysan Governorate Police Command , the Community Police Division, and the Maysan Youth and Sports Directorate.

A number of participants in the campaign said that it included a number of markets in the city of Amarah, and included an emphasis on shop owners being subjected to legal accountability in the event that they engage in trading and promoting the “gay” phenomenon, which has nothing to do with the culture of conservative society and all monotheistic religions.

Source: National Iraqi News Agency

Oil prices fell in early Asian transactions, today, Friday, after the dollar compensated for some of its losses.

Brent crude futures fell 11 cents, or 0.1%, to $86.77 a barrel, while West Texas Intermediate crude futures fell 14 cents, or 0.2%, to $81.08 a barrel.

The dollar rose after falling to its lowest level in 16 weeks against a basket of major currencies after data revealed that consumer spending in the United States increased strongly in October.

The two benchmarks are still on the verge of recording their first weekly gains after three consecutive weeks of declines, with two Chinese cities easing anti-Covid-19 restrictions.

Source: National Iraqi News Agency

The Minister of Trade, Atheer Al-Ghurairy, announced that the Ministry has contracted to purchase 750,000 tons of wheat for the purpose of meeting the country’s need for the first months of next year.

A statement by the Ministry of Trade stated that Al-Ghurairi met today, Friday, with the Governor of Basra, Asaad Al-Eidani, and discussed with him what the commercial departments in the province offer, as well as the province’s support for building a large silo that would accommodate the energies of marketed wheat from farmers and be a strategic stockpile for the Ministry of Commerce in the province.

The statement indicated that the Minister of Trade arrived in Basra Governorate, met with the governor, and conducted a field tour in the southern ports to supervise in a field manner the operations of unloading ships loaded with wheat and rice within the items of the ration card.

During his visit to the Umm Qasr pier of the Ministry of Trade, Al-Ghurairy stressed that “this pier constitutes a vital facility of the Ministry of Commerce, and we seek to make the most of the unloading operations of wheat supplied from foreign origins.”

During his meeting with the technical and engineering staff at the Umm Qasr wharf, the Minister indicated that “the Ministry of Trade will develop a clear plan for the development of the wharf, whether through development and rehabilitation, which contributes to making this wharf one of the important facilities through which the Ministry of Trade seeks to serve the Iraqi economy and unload the supplied quantities to Iraq for wheat and rice, as well as materials for the ration card items within the food basket project, which we seek to have unloading operations through the southern ports.

The Minister supervised, according to the statement, the unloading of rice, which was prepared within the items of the ration card, and also supervised the unloading of a ship loaded with 50,000 tons of wheat, which arrived at the southern ports within the contracts of the Ministry of Trade.

Al-Ghurairy said, “The Ministry of Trade has contracted to purchase 750,000 tons of wheat material for the purpose of meeting the country’s need for the first months of next year until the start of the marketing season for the wheat crop, in addition to that it will also contract for other quantities of wheat material, while it is now developing a plan to supervise on the marketing season of the wheat crop, in implementation of the Prime Minister’s directives, to make it a successful season in all directions, through the quantities marketed by farmers, or through helping farmers and delivering their dues within a specified period.

The Minister of Trade added that the situation of the ration card is good, as well as the storage of wheat and the items of the food basket are good, and there is nothing to worry about in the process of securing foodstuffs for citizens in the next year, stressing that the Ministry of Trade faced the global food crisis and the high prices of grain and foodstuffs through technical measures and an administration that was able to keep Iraq away from the specter of harm to its citizens.”

Source: National Iraqi News Agency

The Central Bank of Iraq announced today, Friday, that the cash reserves exceeded 160% of the value of the Iraqi dinar.

“The central bank’s reserves exceeded for the first time the threshold of 90 billion dollars, which is a very large number, and represents an indication of the recovery of the Iraqi economy, and a great support for the value of the Iraqi currency,” said the Central Bank’s advisor, Ihsan al-Yasiri, in a statement to the official agency (INA).

He added: “The Iraqi currency is now witnessing a great rise and recovery, as it is one of the strong international currencies, although it is not an international currency for circulation.”

Al-Yasiri explained: “The government and the Ministry of Finance have an opportunity to support the fragile and poor groups and retirees with low salaries and those covered by social protection and retirees through these funds by allocating part of them within the 2023 budget.”

Source: National Iraqi News Agency

The border crossing east of Diyala witnessed an increase in trade and economic exchange.

A government source told the correspondent of the National Iraqi News Agency (NINA) that the Sumar-Mandali border crossing with Iran, east of Diyala, witnessed the daily entry of more than 90 commercial trucks loaded with various goods, and this represents a record number in commercial and economic exchange.

He added that the escalating pace of commercial work at the Mandali crossing has positive repercussions in providing new job opportunities, especially in areas suffering from unemployment, pointing out that security stability on land roads is an important factor in attracting companies and merchants to clear their goods through the border crossings.

Source: National Iraqi News Agency