Fri. AM TNT News Articles 4-29-22

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TNT

Tishwash:
Iraq agrees with an Italian company to build a new railway and plans to buy cruise ships

On Thursday, Minister of Transport Nasser Al-Shibli announced an agreement with an Italian company to implement a new railway project, while referring to the move to purchase cruise ships and activate the travel line with the Gulf.

Al-Shibli told the official news agency, “The issue of activating and developing railway plans is very important, and we now have a project with an Italian company to build a new railway, and it is now in the planning stage, and the designs will be received within two months,” expressing his regret over the abuses of some against the trains by throwing stones at them. “.

He added, “The ministry worked on constructing fences to protect the trains from any sabotage operations, which were completed in Baghdad and work is continuing towards the south.”

With regard to maritime transport, he stressed that “the ministry is seeking to own ships for the purpose of transporting passengers by sea, and we hope to activate a line in this regard with the Gulf countries soon.”

And between, “We do not own cruise ships at the moment, except for some boats only, and there are plans to buy cruise ships, and companies can be contracted to rent ships for tourism purposes   link

Candykisses:
Mazhar Salih identifies Iraq’s debts to the International Monetary Fund and the mechanism for repaying it

Baghdad / Obelisk: The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, set, on Friday, the date for the expiration of Iraq’s debt payment.

Saleh said, in an interview with Al-Masala, that there are debts owed by Iraq for the benefit of the International Monetary Fund, which are loans that were provided after the year 2015 during the financial and security crises against ISIS terrorism at that time, with about more than four billion dollars and according to two successive programs and two tranches: the first was called (by means). Accelerated financing (with more than one billion dollars to support the 2015 budget), noting that “the other loan between 2016 and 2017 amounted to nearly three billion dollars, within the scope of a program called (credit preparedness arrangements).

He explained that these amounts are currently paid in installments with simple interest periodically and regularly, and they are part of the remnants of Iraq’s remaining external debt that is really payable, which amounts to about 20 billion dollars, paid in installments until the year 2028 mostly.

Tishwash:
Ahead of Eid al-Fitr… Recession hits Baghdadi markets!

Recession hits Baghdadi markets before Eid al-Fitr.

Baghdadi markets are witnessing a cooldown in commercial activity before the blessed Eid al-Fitr… At a time when the Karrada area is still closed to the movement of wheels, the situation is still stagnant.

A commercial stagnation hits the markets before the Eid. There is nothing to sell or buy here except for the simple ones. Shop owners revealed that this Eid is the weakest in turnout in years

In Karrada, the situation is not much different ,  and perhaps even worse, due to the re-closure of the area  and the restriction on shoppers  immediately after breaking the fast

Shop owners count on the last two days of the month Ramadan May they revive the market, especially since their shops remained empty of shoppers, as the picture shows    link

Oil prices are rising again

Oil prices rose today, Friday, in light of fears of a possible embargo on oil exports from Russia, which is one of the major oil producers in the world

By 07:58 local time Moscow Brent crude futures rose 0.9% to $108.22 a barrel, while US West Texas Intermediate crude futures rose 0.54% to $105.92 a barrel

The rise comes in light of fears of a possible ban on oil exports from…Russia This came after a newspaper report. The Wall Street Journal He reported that Germany Willing to stop buying oil from Russia.   link

The newspaper’s report, quoting analysts at “Energy Aspects”, said that “the European Union (now) is seriously considering imposing a ban on Russian oil imports in one way or another, and even Germany ready to support this move link

Source: Dinar Recaps

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