Basra Heavy and Medium Crude Prices Rise

Basra Heavy and Medium crude prices rose today, Wednesday, with the rise in oil prices in global markets.

The price of Basra Heavy crude rose $1.11 to reach $80.95, and the price of Basra Medium crude rose $1.11 to reach $83.80.

Oil prices rose slightly in early trading today, Wednesday, as concerns about the escalation of conflict in Europe and the Middle East dispelled demand concerns following an unexpected increase in US crude inventories.

Source: National Iraqi News Agency

Due to Eid al-Adha holiday…the dollar exchange rates are stabilized


The dollar exchange rates stabilized on Sunday, after the main stock exchanges in Baghdad and Erbil stopped trading due to Eid al-Adha holiday.

The dollar prices in the stock exchange in the local markets in Baghdad, some of which opened their doors today, witnessed stability, as the selling price reached 148,000 Iraqi dinars, while the purchasing prices reached 146,000 dinars for every 100 US dollars.

The main stock markets in Baghdad and the Kurdistan region will remain closed until the end of the Eid holiday.

Source: National Iraqi News Agency

Due to Eid al-Adha holiday…the dollar exchange rates are stabilized


The dollar exchange rates stabilized on Sunday, after the main stock exchanges in Baghdad and Erbil stopped trading due to Eid al-Adha holiday.

The dollar prices in the stock exchange in the local markets in Baghdad, some of which opened their doors today, witnessed stability, as the selling price reached 148,000 Iraqi dinars, while the purchasing prices reached 146,000 dinars for every 100 US dollars.

The main stock markets in Baghdad and the Kurdistan region will remain closed until the end of the Eid holiday.

Source: National Iraqi News Agency

Deputy Chairman of Karbala Council: Karbala oil wells are within the next licensing round


The Deputy Chairman of the Holy Karbala Provincial Council, Mahfouz Al-Tamimi, said that the Ministry of Oil has included Karbala oil wells in the upcoming licensing round.

He added to the correspondent of the National Iraqi News Agency / NINA / that the oil patches in the governorate have been identified, which are the five patches of Al-Ukhaydir, Marjan, west of Al-Kifl, north of Al-Ukhaydir, east of Al-Razaza, and the Shamos program, which will be explored.

He explained: To complete the projects, a meeting was held with the Prime Minister in order to include Karbala wells within the licensing round, and thus the result was the completion of the licensing round.

Source: National Iraqi News Agency

Deputy Chairman of Karbala Council: Karbala oil wells are within the next licensing round


The Deputy Chairman of the Holy Karbala Provincial Council, Mahfouz Al-Tamimi, said that the Ministry of Oil has included Karbala oil wells in the upcoming licensing round.

He added to the correspondent of the National Iraqi News Agency / NINA / that the oil patches in the governorate have been identified, which are the five patches of Al-Ukhaydir, Marjan, west of Al-Kifl, north of Al-Ukhaydir, east of Al-Razaza, and the Shamos program, which will be explored.

He explained: To complete the projects, a meeting was held with the Prime Minister in order to include Karbala wells within the licensing round, and thus the result was the completion of the licensing round.

Source: National Iraqi News Agency

Deputy Chairman of Karbala Council: Karbala oil wells are within the next licensing round


The Deputy Chairman of the Holy Karbala Provincial Council, Mahfouz Al-Tamimi, said that the Ministry of Oil has included Karbala oil wells in the upcoming licensing round.

He added to the correspondent of the National Iraqi News Agency / NINA / that the oil patches in the governorate have been identified, which are the five patches of Al-Ukhaydir, Marjan, west of Al-Kifl, north of Al-Ukhaydir, east of Al-Razaza, and the Shamos program, which will be explored.

He explained: To complete the projects, a meeting was held with the Prime Minister in order to include Karbala wells within the licensing round, and thus the result was the completion of the licensing round.

Source: National Iraqi News Agency

‘Saudi Exports’ Wins International MMA SMARTIES Award


Riyadh: The Saudi Export Development Authority’s “Made in Saudi” program received bronze in the “Marketing via Digital Media” category at the MMA SMARTIES International Awards.

This award recognizes campaigns that effectively utilize digital platforms to create a compelling and integrated brand experience. The decision to grant this award was made by an international committee of marketing experts and agency executives who take into account various performance metrics.

MMA is the only marketing trade association that brings together marketers, technology providers, and suppliers; it has over 800 corporate members globally and 14 regional offices.

The second edition of the “Made in Saudi Arabia” exhibition received extensive media coverage, generating over a million impressions and more than 18,000 interactions on social media. It received coverage from over 40 news outlets.

The exhibition showcased products from over 100 national companies and facilitated the signing of more than 60 agreements and memoran
da of understanding.

It aimed to provide visitors with a thorough knowledge of national industries, and foster loyalty and demand for local products among domestic and international consumers.

Source: Saudi Press Agency

Saudi Arabia Participates in 3rd TNC Ministerial Meeting on Trade Preferential System in OIC


Istanbul, The Kingdom of Saudi Arabia has participated in the third Ministerial Meeting of the Trade Negotiations Committee (TNC) of the Trade Preferential System among the Organization of Islamic Cooperation (OIC) member states, held in Istanbul, Trkiye.

The Saudi delegation was headed by Deputy Governor of the General Authority for Foreign Trade (GAFT) for Agreements and International Organizations Farid bin Saeed Al-Asali, who was deputizing for Minister of Commerce and GAFT Chairman of the Board of Directors Dr. Majid bin Abdullah Al-Qasabi.

The Kingdom stressed its commitment to dialogue and cooperation with member states, to boost trade cooperation, as stipulated in the declarations and resolutions of the Islamic Summit Conferences, the Council of Foreign Ministers, and the ministerial sessions of the Standing Committee for Economic and Commercial Cooperation of the OIC (COMCEC), to achieve the goal of increasing intra-OIC trade by 25%, as specified in the OIC-2025 Program of Action.

The Kingdom comm
ended the diligent work of the COMCEC Coordination Office and the Islamic Center for Development of Trade, which are joint TNC secretaries.

The Kingdom’s participation in the event reflects its belief in the importance of improving the Trade Preferential System among OIC member states, which is a cornerstone of COMCEC projects. The system seeks to explore opportunities and stimulate intra-OIC trade to increase trade volume among member states and establish trade partnerships among OIC countries.

GAFT seeks to increase the Kingdom’s gains from international trade, boost its international presence, and ensure its participation in several international organizations to achieve common goals and sustainable development.

Source: Saudi Press Agency

Iraq and Japan discuss projects to produce energy from waste and sustainable management in agriculture and water


The Minister of Environment, Nizar Amedi, discussed with the Japanese Ambassador to Iraq, Futoshi Matsumoto, and the technical delegation accompanying him, today, Wednesday, the benefit of modern Japanese techniques and technology in the projects that will be completed during the next stages.

The ministry stated in a statement, ‘The minister stressed, during his reception, today, the Japanese ambassador to Iraq and the Japanese technical team, the importance of introducing advanced Japanese technology in the field of energy production from waste and sustainable management in agriculture and water,’ noting that ‘the Iraqi government has pushed for various projects aiming to reconstruct infrastructure, which is one of the environmental management priorities of the current government.’

It added, “The Ministry seeks to benefit from modern Japanese techniques and technology in all the projects that will be completed during the coming stages, especially the projects to confront and adapt to climate change, which
the federal and local governments are pursuing in order to mitigate the effects of climate change.”

For his part, the Japanese ambassador confirmed that the Japanese government is serious in supporting the Iraqi government, and has implemented a group of projects in many areas in Iraq, including projects in Muthanna Governorate, some cities in the south, and cities in the Kurdistan region.

Source: National Iraqi News Agency