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Month: October 2019

Total Oil Exports in September and an increase in Customs Revenues

Total Oil Exports in September and an increase in Customs Revenues

The Iraqi Oil Ministry issued a statement that the total exported quantities of crude oil for the month of September was amounted to 103 million, 10 thousand and 306 barrels, with revenues of 6 billion and 89 million and 244 one thousand dollars. The oil was extracted from the oil fields in central and southern Iraq. A spokesman for the ministry, Assem Jihad said the quantities exported from Kirkuk oil through the Turkish port of Ceyhan 166 thousand and 848…

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Iraqi Finance Ministry announced important points about the 2020 Budget

Iraqi Finance Ministry announced important points about the 2020 Budget

The Iraqi Finance Ministry has announced that the Iraqi budget 2020 has gained advanced stages in its discussion. It was also said that the ministry did not adopt a fixed price of a barrel of oil with a daily export of 3 million and 800 thousand barrels, including 250 thousand barrels share from the Kurdistan region. The Undersecretary of the Ministry Dr. Maher Hammad Johan issued a press statement. The statement has indicated that the budget for the next year…

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Electronic Payment System is essential for Economic Reforms and to fight against Corruption

Electronic Payment System is essential for Economic Reforms and to fight against Corruption

The Iraqi Prime Minister stressed the importance of e-transactions and the electronic payment systems in his speech. A number of specialists and economists realized that the endorsement of advanced technology is an essential element to be the seed of economic reform. The Iraqi PM renewed calls to face corruption in a real and perfect acceptance of advanced technology being used internationally. They adopted locally with support from competent companies and interacted with the public. The electronic payment system must be…

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Finance Ministry is providing 100,000 Jobs and return of Military personnel in Defense Ministry

Finance Ministry is providing 100,000 Jobs and return of Military personnel in Defense Ministry

The Iraqi Finance Ministry has announced that more than 250,000 Iraqi people will come back to service in the Iraqi interior and defense ministries. The Undersecretary of the Finance Ministry, Maher Hammad Johan issued a press statement. The statement said it is a necessary part of the work by the Ministry of Finance in order to fulfill the demands of the demonstrators. He cataloged at the same time the demands of citizens, especially since part of these demands brought about…

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Iraq maintains its 5th position in Arab countries with largest gold reserves

Iraq maintains its 5th position in Arab countries with largest gold reserves

The World Gold Council has announced that Iraq maintained its global position with the largest gold reserves. It represents 7% of the rest of its currencies. The Council said in a statistical published on its website. It says, “Iraq has maintained its fifth position in the Arab world, which came after each of Saudi Arabia, Lebanon, Algeria, and Libya. It indicates the last purchase of Iraq gold was in September from 2018 and by 6.5 tons”. The council also said…

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