Monday, March 22, 2021

WOTS FRI MAR 19 21

 WOTS FRI MAR 19 21

THIS REPORT IS INCOMPLETE BUT THE ARTICLES ARE FOR THE DAY
and they are the ones I covered on the My FX Buddies podcast at: https://anchor.fm/dashboard/episode/et798m




The Markets:
The Asian markets closed mixed NIK up by .03% HSI up by .47% SHANG down by .05%
The UK markets are currently trading in the green mostly from .14% to .52% the FTSE is currently down by .08%
Our futures are currently trading mixed  DOW at 31917 up  by .33% SNP at 3877 up  by .10% NDX at 12769 down  by .15%

Precious Metals:
Gold is red at 1711 Silver is red  at 25.79 Copper is green at 404 Platinum is red at 1170 
Brent 67 WTI  64   Bitcoin: 54,907


Things in the News:





Iraqi Articles:

 

The Finance Committee votes to approve the amendment of the kurdistan region's quota paragraph in the budget

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Iraq's parliament's finance committee has approved an amendment to the quota for Kurdistan, a parliamentary source said Friday.

The source told Shafq News that the Finance Committee voted to approve the controversial articles in the budget after it was amended during its current meeting," he said, noting that article 11 on kurdistan's share of the 2021 budget was "a matter of concern."

In the meantime, meetings are continuing to complete the requirements of the federal budget law for fiscal year 2021, according to a reporter for The Twilight News.

The source told Shafq News earlier in the day that the Parliamentary Finance Committee was holding a new meeting to discuss the alternative version of Article 11 on the Kurdistan Region's share in the general budget, after agreeing with leaders and representatives of the Shiite and Kurdish blocs.

Earlier in the day, Kurdish Democratic Party (KDP) mp Bashar al-Kiki told The Twilight News that the delegation had reached an amendment with the Iraqi parliament to amend the wording of one of the budget paragraphs, making it feasible on the ground.

Al-Kiki, a leader of the Kurdistan Democratic Party ( KDP), said the agreement confirmed that the Kurdistan regional government would deliver no more than 250,000 barrels of oil per day to the federal government.

Earlier in the day, the parliamentary circles told Shafq News that there was an agreement reached by the Kurdish delegation headed by Qubad Talabani with the speaker of the Iraqi parliament, Mohammed al-Halbousi, without disclosing what the agreement was.

 

Initial approval to reduce the dollar price in the budget

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MP Arshad Al-Salihi announced, on Friday, that there is an initial approval to reduce the price of the dollar in the budget.
Al-Salhi said in a post on his Facebook page: "Since one o'clock in the afternoon in the House of Representatives, agreement on the budget has not yet been concluded, and the problem between the region and the leaders of political blocs is still not resolved."
He added, "We have primarily requested to reduce the price of the dollar against the Iraqi dinar, and there are preliminary approvals in this regard. The debate continues on a number of issues regarding appointments of contracts, wages, lecturers, security ministries and the popular crowd, and sums have been allocated to them, and the government will be obligated to apply it after the increase in the price of a barrel of oil."


Video.. Anger in Mosul over electricity

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On Thursday, dozens of residents of Mosul expressed their deep dissatisfaction with the decline in electricity supply.

Dozens of residents of al-Kubba area on the left side of Mosul took to the streets and burned tires to protest the deteriorating national electricity situation and limited processing hours, according to a reporter for Shafq News.

The city of Mosul, particularly the left-hand side, is suffering from deteriorating service conditions in various sectors.

 

Goldman Sachs reveals an opportunity in the oil market .. A profitable deal after the drop in prices: It will reach $ 80 a barrel

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Goldman Sachs believes that the current decline in the price of a barrel of oil represents a buying opportunity and expects that Brent crude will reach $ 80 a barrel this summer.

The bank expects a significant increase in global demand for oil in the coming months, thanks to indications of demand in regions experiencing high rates of immunization from Covid-19, while its forecast for Brent crude increased from $ 65 a barrel in March 2021 to $ 80 a barrel next summer. .

Oil prices are on the way to falling about 9 percent this week after growing concern about weak demand in Europe, and the rise in the US dollar pushed Brent crude futures to drop about 7 percent on Thursday.

Brent jumped above $ 70 a barrel on March 8 for the first time since the Covid-19 pandemic began. It was trading at 63.47 dollars a barrel on Friday.

Despite the sharp drop in prices, Goldman Sachs expects that the oil market will quickly regain its equilibrium in the coming months.


CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For March , 2021 total sales amount $ . 

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 







Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)

At the time this report was submitted, there are no new articles posted on PM Kadhimi's website.

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ARTICLE 2 (from Government of Iraq twitter account)

Iraq’s Ministry of Education launches Madrasty, an educational TV channel. Watch this interview with the Head of Iraq Educational TV Ahmed Adil to find out more:


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ARTICLE 3

Parliament Presidency meets with the Finance Committee and heads of blocs to complete the requirements of the budget law
21:08 - 18/03/2021
The information / Baghdad

On Thursday, the Presidency of Parliament met with the Parliamentary Finance Committee and heads of blocs to complete the budget law.

The / Al-Malouma correspondent said, "The Presidency of Parliament held a meeting with the Parliamentary Finance Committee in the presence of the heads of the parliamentary blocs in order to complete the requirements for voting on the General Budget Law for 2021.

He added that "a strong movement within the House of Representatives to legislate the budget law through consensus between all parties." 

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ARTICLE 4

The Iraqi Exhibitions Company holds an introductory seminar for the registration program for companies and factories importing to Iraq
3/17/2021 15:11 
[Baghdad-Where]

The Ministry of Trade announced, on Wednesday, that the General Company for Fairs and Commercial Services of Iraq held an introductory seminar on the program for registering companies and factories supplied to Iraq in partnership with the German company (TUV) Rheinland to grant the registration certificate in the presence of the Chairman of the Parliamentary Economic and Investment Committee Ahmed Al-Kinani and the director general of the company Sarmad Taha Saeed and a number of representatives of the relevant ministries

The General Manager of the Iraqi Exhibitions Company, Sarmad Taha Saeed, said in his speech during the seminar, "The implementation of this program will contribute to a large extent in the development of the import sector through which the presence of those factories and companies supplied to the Republic of Iraq is confirmed through the on-site inspection of those Factories and companies exporting to Iraq. "

Saeed revealed, "The program has several advantages and benefits, including making sure of the presence of the exporting factories and companies and that they are not shell factories or companies, as well as ensuring the licenses that qualify factories and companies to export materials, products of factories, companies, agents and their authorized distributors, and the health of the Iraqi origin, importers, companies' agents and distributors. And to ensure that the goods exported to Iraq are not smuggled or obtained illegally outside Iraq, and the program also limits the importation of materials with signs and counterfeit brands by the weak souls, thus providing the best product to the Iraqi consumer.

For his part, the Director of the Import Department at the Iraqi Exhibitions Company presented, “A brief overview of the program, its importance and the purpose of its implementation,” explaining that “Law of the Ministry of Commerce No. 37 of 2011 specifies a number of tasks for the Ministry of Trade, including drawing up foreign and domestic trade policy in line with economic policies. State public. "

In their turn, the director of the calculator department at the exhibition company, and the representative of the German company TUV, gave a detailed explanation about the program, which dealt with introducing the electronic system for granting import and export licenses, its relationship with the program, the steps for registering factories and companies, and the approved authority to issue certificates for registering factories and companies, and the schedule for implementing the program, as well as The documents and licenses granted to it in its mother country and to ensure the origins of those factories and companies supplied to the Republic of Iraq, and this program also provides protection for the consumer and the importer as well as the agents and distributors inside Iraq.

TUV is an independent company in the field of inspection, testing and certification services, with nearly 150 years of experience in conformity assessment and inspection services to facilitate access to the Iraqi market, as the company has more than 500 offices spread all over the world and more than 20,000 employees and experts.

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ARTICLE 5

Japan brings "Blessed Sakura" to Kurdistan

3/17/2021 19:10 • 
[Continue_ Where]
The Kurdistan Municipality Minister planted, on Wednesday, a number of Japanese (Sakura) trees, in the city of Erbil, the capital of the region.
These trees were planted, in the presence of the Deputy Governor and the District Commissioner of Erbil, the Japanese ambassador to Iraq, and the Japanese consul in the region, at the initiative of the Sardar Group operating in the region.

The president of Toyota Iraq, Sardar Hussain Al-Bebani, told Shafaq News, "The purpose of the project is to protect the environment of Kurdistan, and it comes after the regional government named one of Erbil's streets with the name (Sakura) tree," indicating that "the initiative came from Sardar Group," To transfer this blessed tree to the Japanese to the region. "

Al-Bebani added, "The (Sakura) tree has become a link between Iraq, Kurdistan and Japan," pointing out that "this tree has a very great beauty and the people of the region will be happy to see it after it blooms."
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