Wed. PM KTFA News Articles 6-2-21



Samson » June 2nd, 2021

Without knowing the reasons, the trading system in the Saudi Stock Exchange has stopped

2nd June, 2021

Suspended the stock trading system in the Saudi Stock Exchange, on Wednesday, without the operating institution announcing the reason for this.

And the Saudi Al-Ekhbariya channel said, in a report today, that “the trading system was disrupted by 10:56 Mecca time (+3 GMT), while the stock exchange did not announce the reasons for this until the moment, which the channel described as unprecedented for more than 15 years.

For his part, a customer service center with a financial company said, in press statements, that “there is no known reason for stopping or a specific time for trading to resume again,” at a time when the trading screen on the stock exchange’s website showed a complete halt.

Previously, the trading system in the Saudi Stock Exchange was deliberately suspended during major events such as holidays and some emergency occasions.   LINK

Saleh to the World Bank delegation: Iraq is moving forward towards reforming the national economy and fighting corruption

06/02/2021 16:51:36


The President of the Republic, Dr. Barham Salih, received, today, Wednesday, at the Peace Palace in Baghdad, the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, and his accompanying delegation.

During the meeting, the importance of strengthening cooperation between Iraq and the World Bank, supporting financial reforms and related economic structures to raise their efficiency, as well as work and coordination to combat corruption and reduce its effects, support investment and the private sector, and benefit from human capital, especially young people, was emphasized. Building a healthy, sustainable economy.

President Saleh pointed out that the government is working on economic reform plans, addressing the structural imbalances of the national economy, combating corruption and recovering its returns through international coordination, providing citizens’ requirements, ensuring good living conditions, and facing challenges related to the economy, climate change and environmental protection as a priority in sustainable development, in coordination and benefit. of international experience in this regard.

For his part, Farid Belhaj expressed his pride in the World Bank’s partnership with Iraq and its importance, stressing the World Bank’s commitment to support the path of economic reform that Iraq has embarked on, and to provide assistance and advice in order to proceed with this.  LINK

Two suspects arrested for dealing in counterfeit currency in Karbala

06/02/2021 10:49:04

 Intelligence agency detachments managed, on Wednesday, to arrest two suspects in the holy province of Karbala who traded counterfeit currency.

A statement of the Federal Intelligence Agency, of which {Euphrates News} received a copy, stated, “The detachments arrested the accused after forming a specialized team and setting up a tight ambush after luring them and arresting them in flagrante delicto, with them in possession of 12 thousand and 800 US dollars in the category of 100 dollars and (800) thousand dinars. Class (25), all fake.

The statement added, “The counterfeit currency was seized with a fundamental seizure report, and legal measures were taken against the accused.”    LINK


A 4-year prison sentence was imposed on the director of Najaf Airport, on charges of bribery

06/02/2021 13:03:50

 A judicial source reported, on Wednesday, the issuance of two prison sentences against the former deputy director of Najaf Airport, Jawad Abdul Kadhim Alwan Al-Karaawi.

The source said, “Today, two sentences of four and eight years in prison were issued against the former deputy director of Najaf Airport, accused Jawad Abdul-Kadhim Alwan Al-Karaawi.”

He added, “The decision came about the case of the crime of bribery in the Najaf airport investment contract, and the sentence is four years, and he was sentenced to another four years on the issue of the new runway contract at the airport.”     LINK

The largest ship of the Iranian navy sank after a fire

06/02/2021 09:21:01

The public relations of the second maritime zone in Jask, southern Iran, announced the sinking of the logistics and training ship “Khark” of the Iranian army’s naval force, following a fire that broke out on it on Tuesday.

 And the public relations report of the second marine zone in Jask stated that this ship, which had gone a few days ago on a training mission in free waters, was exposed to a fire in one of the systems near the port of Jask in southern Iran.

She added: The efforts that were made over a period of 20 hours, in which the marine relief capabilities were used, did not succeed in saving the ship due to the spread of fire in its various sections and thus it sank in the waters of the region.

Fortunately, all the ship’s crew members who were brought to the coast were safely rescued, the report added.  LINK


Oil continues to rise in global markets and strong expectations of increased demand

2nd June, 2021

Oilprices rose on Wednesday, after OPEC and its allies adhered to theirplan to cautiously restore oil supplies in June and July whileforecasting a strong summer demand for fuel in the United States

WestTexas Intermediate crude futures rose 21 cents, or 0.31%, to $67.93 at 05:13 GMT, extending its 2.1% gain after the US Memorial Day holiday onMonday. Prices rose to their highest levels since October 2018

Brent crude futures rose 25 cents, or 0.36 percent, to $70.50 a barrel, after jumping 1.3 percent overnight, when they reached their highest level since March 8

TheOrganization of the Petroleum Exporting Countries and its allies, called the OPEC+ community, agreed on Tuesday to stick to their plan togradually ease supply restrictions until July

Marketgains over the past two weeks were capped by fears of a possiblelifting of oil sanctions on Iran, as talks on reviving the nuclear dealmade progress, but negotiations reached a dead end this week

OPECSecretary-General Muhammad Barkindo played down any potential marketdisruption, saying the group expects any return of Iranian exports “willoccur in an orderly and transparent manner” if and when a nuclear dealis reached   LINK

Source: Dinar Recaps



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