money and business

money and business



التجارة Trade: Cars achieved sales exceeding 11 billion dinars within 15 days
The General Company for the trade of cars and machinery in the Ministry of Commerce announced the sale of financial sales exceeded 11 billion dinars for the period from the first to the fifteenth of August. The Director General of the company Ali Hashim Badai in a statement received (range) a copy of that, 307 saloon cars worth 6449046665 dinars, in addition to the marketing of 236 cars Toyota Corolla Salon belonging to his company, which was imported under the direct contract with Toyota Toyota Japanese value of 5442746 thousand dinars, as well as the sale of a bus car number (1) Hayes type and (57) Iraqi cars belonging to the General Company for Industry Cars in Alexandria and according to the contract between the two sides and marketing (5) cars type Saiba cafeteria (1064200) dinars.


 Education allocates more than 11 billion dinars for the completion of university projects
announced that the Ministry of Higher Education and Scientific Research, on Tuesday, allocating more than 11 billion dinars for the completion of projects in the universities that have achieved the completion Mottagdmh.oukal official spokesman of the Ministry of Haider bonded in a statement attributed received (range) A copy of which "The Ministry launched the first phase of the completion of projects in universities with advanced completion rates between 65% - 99%," noting that "funding will be through the revenues of higher education funds of those universities, the total of 26 projects were distributed to 10 universities at a total cost estimated more From 11 billion and 257 million dirhams Lighted up ".
Aboudi added that "the ministry's launch of the completion of projects for universities comes within the strategy of education by providing an environment suitable for the educational process and the required classrooms, laboratories and internal departments in Iraqi universities."
It is noteworthy that the Ministry of Planning stopped most projects in Iraq as a result of the decline in the public budget because of the decline in international oil prices, which Iraq depends entirely on them in the General Budget.



 Beirut hosts a conference for the reconstruction of liberated areas in Iraq
Diyala Governor Muthanna al-Tamimi announced the launch of the conference for the reconstruction of liberated areas in the country in the Lebanese capital Beirut.
Al-Tamimi said in a statement received by "Economy News" that "the work of the Conference on the reconstruction of liberated areas in Iraq began its activities in the capital city of Beirut, in the presence of Mustafa al-Hiti, head of the reconstruction fund of areas affected by terrorist operations, and representatives of the provinces of Mosul and Anbar and Salahuddin.
Al-Tamimi added that "
Al-Tamimi pointed out that he directed Diyala departments to "provide all the necessary support and support and priority aspects in the water, electricity, education, schools, health and other essentials." He explained that "the conference offered the facilities that can be provided by the local government to companies wishing to invest And reconstruction of the province.



Sumo plans to change the benchmark price of Basra crude to the Dubai Mercantile Exchange
According to commercial sources in the oil sector, the Iraqi oil marketing company "Sumo" informed its customers of its desire to change the benchmark price of Basra crude in Asia to the price of Omani crude oil futures on the Dubai Mercantile Exchange The average price of Dubai and Oman crude on Platts platform starting in January 2018.
Reuters quoted the sources as saying that the announcement by the Iraqi oil marketing company "Sumo" to change the benchmark price of Basrah crude in Asia to the price of Omani crude oil futures on the Dubai Mercantile Exchange from the average price of Dubai and Oman crude on the Platts platform as of January 2018 , Will launch a round of consultations between the company and its customers.
Details of the possible change in crude prices are still unclear, while Sumo could not be reached for comment.
Prices will rise by about 2 million barrels of crude per day or nearly two-thirds of Iraqi crude exports from the southern port of Basra, where an oil trader in Singapore pointed out that "Iraq probably wants to have a gauge ore," referring to the role of Saudi Arabia in determining Prices in the area.
According to analysts, the proposed change represents a major shift from OPEC's second-largest producer, Iraq, to ​​the norm he and other members of the Organization such as Saudi Arabia, Kuwait and Iran have used for decades on the basis of the ratings of Standard & Poor's Global Plats In the pricing of their raw materials.
Since April, Iraq has begun selling one or two Basra crude per month through an auction platform on the Dubai Mercantile Exchange as a way to explore the price.
Saudi Arabia, the world's largest exporter of crude, sets the price trend for Iranian, Kuwaiti and Iraqi feedstock, affecting more than 12 million barrels of crude destined for Asia per day.

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