Iraq Economic News and Points To Ponder Thursday Afternoon 6-6-24
Iraq Economic News and Points To Ponder Thursday Afternoon 6-6-24
Plasschaert's Replacement Raises Controversy.. Who Is He?
Political | 06/06/2024 Baghdad - Mawazine News Arab reports revealed today, Thursday, that the United Nations has nominated the permanent representative of the Sultanate of Oman, Mohammed bin Awad, to fill the position of head of the UN mission in Iraq.
This comes after the UN Security Council unanimously approved ending the United Nations political mission in Iraq, and ending the duties of the head of the mission in Iraq, Jeanine Plasschaert.
A report by the Emirati network Eram, followed by Mawazine News, said, “There are some unnamed political parties that had reservations about the candidate, Muhammad bin Awad, and demanded that the United Nations bring in a foreign, non-Arab person for this position,” without disclosing the reasons for the rejection.
The Iraqi government had asked the Council, in a letter dated May 8, to end the mission of the United Nations Mission in Iraq at the latest by the end of 2025.
According to this request, the UN Security Council voted unanimously, last Friday, to end the United Nations mission in Iraq, which was established In 2003, which aimed to coordinate humanitarian efforts and post-war reconstruction efforts.
According to the resolution, the United Nations extended the mandate of the United Nations Assistance Mission for Iraq (UNAMI) for 19 months until December 31, 2025, and then developed a “transition and liquidation plan” in consultation with the Iraqi government to transfer its tasks and withdraw employees and assets. https://www.mawazin.net/Details.aspx?jimare=249264
Despite Its Rise Internationally... Basra Oil Prices Fell
Economy | 02:46 - 06/06/2024 The prices of Basra Heavy and Medium Crude oil fell on Thursday, despite the rise witnessed in the international market.
Basra Heavy crude prices fell by 36 cents to reach $76.08, and Basra Medium crude prices fell by 36 cents to reach $79.03, according to economic media.
Global oil prices rose amid growing expectations that the Federal Reserve (the US central bank) will cut interest rates next September, despite curbing prices against the backdrop of rising US inventories and the OPEC+ alliance’s plan to increase supplies. https://www.mawazin.net/Details.aspx?jimare=249262
The Central Bank Sells More Than $275 Million At Auction Today
Economy | 01:54 - 06/06/2024 Baghdad - Mawazine News The Iraqi Bank’s dollar sales amounted to more than 275 million dollars today, Thursday, in the currency auction.
In its auction today, the bank sold 275 million and 66 thousand and 650 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 253 million 556 thousand and 650 dollars, an increase of 92% over cash sales amounting to 21 million 510 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249254
Dollar Prices Are Rising In Local Markets
Economy | - 06/06/2024 The dollar exchange rates rose today, Thursday, in the local markets in the capital, Baghdad.
Prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 145,750 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,500 dinars for every 100 dollars.
While selling prices in banking shops in local markets in Baghdad rose, the selling price reached 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=249256
It Includes 4 Stages.. The Ministry Of Interior Determines The Impact Of Digital Transformation On Citizens
money and business Economy News – Baghdad The Ministry of Interior announced today, Thursday, that managing the digital transformation file includes 4 stages, while indicating that digital transformation has reduced the burden on citizens and removed the similarity of names to controls.
Director of the Information Systems Directorate in the Ministry, Thamer Al-Amiri, said: “Managing the digital transformation file in the Ministry of Interior includes several stages, building the ministry’s own systems and managing strategic projects, including the passport project and the visa project, as well as the electronic gates at airports as well as the digital data center.”
He explained, "These projects led to reducing the burden on the citizen and removing the similarity of names in the detention centers, as a special system was launched to investigate and measure the efficiency of implementing arrest warrants at the state level."
He added, "We contributed to tracking the crime, by quickly sharing information between the security services and providing communications to facilitate the tracking of terrorism, as well as the presence of cameras and the preparation of special studies in this regard." 120 views Added 06/06/2024 - https://economy-news.net/content.php?id=44078
Canadian Foreign Ministry: We Will Reduce Our Diplomatic Presence In Iraq In 2025
Thursday 06, June 2024 20:13 | Political Number of readings: 107 Baghdad / NINA / The Canadian Ministry of Foreign Affairs announced its intention to reduce its diplomatic presence in Iraq, after the end of its country’s strategy to confront the threat of ISIS in the coming year.
A Canadian Foreign Ministry spokesperson told the Kurdish media network Rudaw: “Canada’s Middle East strategy, which was originally created to confront the direct threat posed by ISIS in Iraq and Syria, and its effects on neighboring countries Lebanon and Jordan, will end in March 2025.”
The spokesman added, "When the strategy ends, Canada's diplomatic presence in Jordan and Iraq will be reduced, and our office in Erbil in the Kurdistan region will be closed."
He stressed that Canadian embassy officials in Iraq will “actively” maintain regular communication with officials and people in the Kurdistan region.
A Canadian Foreign Ministry spokesman explained that these changes are consistent with the process of refocusing government spending, indicating that in the 2023 budget, the Canadian government committed to reducing spending by $14.1 billion over the next five years, starting from 2023-2024.
Canada is a member of the US-led international coalition against ISIS, which was formed in 2014 after the organization took control of large areas of Syrian and Iraqi territory./End 9 https://ninanews.com/Website/News/Details?key=1131079
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Provoking Thoughts and Points To Ponder On Adversity:
Weeping may endure for a night, but joy cometh in the morning. - Bible
Night brings our troubles to the light rather than banishes them. - Seneca
Too much happens ... Man performs, engenders so much more than he can or should have to bear. That's how he finds that he can bear anything. - William Faulkner
A great man does not lose his self-possession when he is afflicted; the ocean is not made muddy by the falling in of its banks. - Panchatantra
I've had an unhappy life, thank God. - Russell Baker
Do not show your wounded finger, for everything will knock up against it. - Baltasar Gracian
http://famousquotesandauthors.com/topics/adversity_quotes.html