Iraq Is the Second Arab Country In Terms Of Natural Resources

  Energy Economy News - Follow-up  Iraq ranked ninth in the world and second in the Arab world as the country with the most natural resources.  Russia is the world's largest natural resource holder, led by its large reserves of oil, coal, natural gas and rare earth minerals.

The United States follows, thanks to its coal, timber, gas and mineral resources, while Saudi Arabia and Canada rank third and fourth, respectively, driven by oil and important industrial minerals.

ountries such as Iran, Iraq and Venezuela stand out on the list, which have huge amounts of oil, natural gas and other energy resources, while other countries such as Australia, China and Canada have important earth minerals used in industry.

Despite the huge resources these countries possess, wealth management remains a crucial factor in achieving sustainability and real development in the future. 139 views Added 12/12/2024 - https://economy-news.net/content.php?id=50798

Central Bank Governor: Opening External Channels With Foreign Currencies Eliminates The Black Market

Banks Economy News – Baghdad  Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement, which was reviewed by "Al-Eqtisad News", that "the governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market."

According to the statement, the governor of the Central Bank stressed "the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers."

The governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market." 87 views   12/12/2024 https://economy-news.net/content.php?id=50812

The Securities Commission Warns Against Dealing With Fictitious Companies Claiming To Provide Stock Trading Services

Chairman of the Securities Commission Faisal Al-Haimas  Stock Exchange Economy News – Baghdad  The Securities Commission warned citizens, on Thursday, against dealing with fictitious companies that claim to provide online stock trading services.

A statement by the Authority, seen by Al-Eqtisad News, quoted its Chairman, Faisal Al-Haims, as saying, “These misleading companies that publish their advertisements on social media sites aim to exploit and deceive citizens.”

Al-Haimas called on "citizens to invest in the Iraqi Stock Exchange, where there is a safe investment environment and companies licensed by the Commission, subject to strict controls and laws set to protect investors and guarantee their rights."

He added, "The Iraq Stock Exchange includes reliable companies operating in various sectors, and provides promising investment opportunities. We invite everyone to visit the official website of the Securities Commission to verify the companies authorized to trade."

The Authority indicated that it "continues to monitor the market and take the necessary measures against illegal entities," stressing "the importance of being accurate and avoiding dealing with suspicious entities."  81 views  Added 12/12/2024 https://economy-news.net/content.php?id=50806

Globally.. Gold Prices Decline

Time: 2024/12/12 09:27:11 Read: 2,054 times {Economic: Al Furat News} Gold prices witnessed a decline during early trading on Thursday, as investors took profits after prices recorded their highest level in more than a month earlier in the day amid growing expectations that the Federal Reserve (the US central bank) will cut interest rates next week.

Spot gold fell 0.5 percent to $2,704.41 per ounce by 0257 GMT, after hitting its highest since Nov. 6 earlier in the session.

US gold futures also fell 0.5 percent to $2,744.60.

According to the CME FedWatch tool, traders now expect a 98.4 percent chance of the Fed cutting rates by 25 basis points on Dec. 18, compared with about 86 percent before the U.S. inflation report.

Among other precious metals, spot silver fell 0.3 percent to $31.84 an ounce, platinum fell 0.2 percent to $937.55 and palladium fell 0.2 percent to $979.91. LINK

Dollar Prices Stabilize In Baghdad Markets

Time: 2024/12/12 10:41:50 Read: 1,820 times  {Economic: Al Furat News} The US dollar exchange rate stabilized this morning, Thursday, in Baghdad markets.

The prices are as follows. The selling price is 151,500 dinars, while the purchase price is 149,500 dinars per 100 dollars. LINK

Al-Alaq Praises TBI’s Efforts In Expanding Customer Base

Thursday 12 December 2024 18:48 | Economic Number of readings: 80 Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, praised, on Thursday, the efforts of the Trade Bank of Iraq (TBI) in expanding its customer base, stressing that the Central Bank's continued opening of channels in foreign and Arab currencies achieves continuous stability in the exchange rate.

The media advisor to the Trade Bank of Iraq (TBI), Aqil Al-Shuwaili, said in a statement, "The Governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts in expanding its customer base of importing traders and procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market. "

The Governor of the Central Bank stressed the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers.

The Governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market." / End8   https://ninanews.com/Website/News/Details?key=1174312

Hassan Ali Abd: Developing The Financial Sector Is The Key To Development
 
December 12, 2024 Last updated: December 12, 2024  Independent/- Banking expert Hassan Ali Abd stressed the importance of government trends aimed at
 
     advancing the reality of electronic payment and its role in attracting foreign investment flows, and
     adopting the use of advanced technological means of communication and information.

Abdel stressed the  importance of supporting the next stage aimed at developing the performance of the economic sectors in order to achieve a multiplicity of financial revenues for the country, and
 
working to prepare in-depth studies on the available capabilities in non-oil activities and
 
trying to develop them so that they can create alternatives, in addition to the necessity of
 
preparing a long-term strategy that takes into account various aspects.. He explained that the
 
process as a whole requires an advanced banking system capable of supporting all economic operations, and
 
our private banks have become aware of this and are working hard to develop all aspects of their work. He pointed out that    Iraq is an important economic front for many international companies during the coming period, and   we must work in this direction and create an appropriate environment to attract international efforts.    https://mustaqila.com/حسن-علي-عبد-تطوير-قطاع-المال-مفتاح-التن/   

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