Iraq Economic News and Points To Ponder Late Sunday Evening 6-2-24
Iraq Economic News and Points To Ponder Late Sunday Evening 6-2-24
A Decline In Iraq's Oil Exports To The United States During The Past Week
Economy | 06/02/2024 The US Energy Information Administration announced on Sunday that Iraq's oil exports to America had declined over the past week.
The administration said in a table seen by Mawazine News, that “the average US imports of crude oil during the past week from 9 major countries amounted to 5 million and 467 thousand barrels per day, an increase of 226 thousand barrels per day compared to the previous week, which amounted to 5 million and 241 thousand.” barrels per day.
She added, "Iraq's oil exports amounted to 233,000 barrels per day last week, down by 6,000 barrels per day from the previous week, which amounted to 239,000 barrels per day."
She confirmed that "most of America's oil revenues came from Canada at an average of 3.666 million barrels per day, followed by Mexico with an average of 551 thousand barrels per day, followed by Saudi Arabia with an average of 422 thousand barrels per day, and from Libya at an average of 262 thousand barrels per day."
She explained, "The amount of American imports of crude oil, from Brazil, was at a rate of 127 thousand barrels per day, from Ecuador at a rate of 103 thousand barrels per day, from Nigeria at a rate of 71 thousand barrels per day, and from Colombia at a rate of 32 thousand barrels per day."
https://www.mawazin.net/Details.aspx?jimare=249007
Today...The Central Bank Sells $281 Million In The Currency Auction
Political | 06/02/2024 Baghdad - Mawazine News The Central Bank’s dollar sales rose today, Sunday, to more than $281 million in the currency auction.
The Central Bank sold in its auction today 281 million and 584 thousand and 592 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 261 million and 74 thousand and 592 dollars, an increase of 92% over cash sales of 20 million and 510 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249027
Judiciary: Committed To Combating Corruption
Economy Sunday, June 2, 2024 5:20 PM Baghdad/National News Center The Supreme Judicial Council Announced Judge Najm Abdullah Ahmed, Chief Public Prosecutor, said in a speech he delivered during the conference “The Judicial System in Iraq and Major Corruption Cases,” which was organized with the support of the United Nations Development Program and the European Union, that “Iraq is keen to implement the national anti-corruption strategy, with the aim of building A fair and transparent society, and enhancing citizen confidence in national institutions through a policy that seeks to uncover negative phenomena and activate a societal culture that rejects corruption.”
He added that “the efforts of the United Nations Development Program had a prominent impact in supporting Iraq’s efforts to combat corruption by holding seminars and workshops and providing recommendations and consultations, in line with the requirements of the United Nations Convention against Corruption,” noting that “the first report of the program to follow up on trials of corruption cases Strengthening arbitration reflects this trend.”
He explained that “the report came as a result of an intensive effort by a specialized team, based on scientific foundations in data collection and auditing, pointing to the achievements achieved by the courts specialized in corruption cases, and identifying the obstacles facing the investigative authorities, which constitute an obstacle to construction and progress.”
He pointed out that “the Supreme Judicial Council took a number of steps, including forming courts specialized in corruption cases in the investigation and trial stages, and coordinating with the Integrity Commission to prepare a comprehensive database,” pointing to “organizing training courses for public prosecution employees in all appellate areas to improve their performance in Completing investigations into corruption cases.
He stressed that “the report indicated a shortage in the number of judges, which prompted the Council to accept more than one course at the Judicial Institute to graduate judges and prosecutors,” adding that “despite the commitment of the United Nations Convention against Corruption to provide legal assistance and extradite defendants, some countries It does not respond for various reasons, which complicates the recovery of smuggled funds outside Iraq.”
He indicated that “the Public Prosecution held a series of meetings to prepare a mechanism that encourages countries to recover funds,” praising the measures of the Iraqi authorities in combating money laundering and terrorist financing, which won the approval of the Financial Action Organization for the Middle East and North Africa countries, which indicates the possibility of Iraq’s exit from... Gray list of high-risk countries.
Judge Najm Abdullah concluded his speech by emphasizing that “all observations and recommendations contained in the report will be of interest to the Supreme Judicial Council, and coordination will be made with the relevant government agencies to implement them.” https://nnciraq.com/256883/
Planning: The Pilot Census Is Witnessing A Great Response From Citizens
Posted On06-02-2024 By Sotaliraq The Ministry of Planning announced that a 98% participation rate was recorded in the first two days of the experimental population census, which will last 14 days, stressing that these numbers confirm that it will be very successful as a result of the large response from citizens.
The Executive Director General of the General Population Census, Ali Erian, said, “The experimental census was initiated, which is the first nucleus for moving forward with the implementation of the General Population and Housing Census in November 2024, as all indicators were good and proceeded with a normal flow.”
He added, “The experimental census is a miniature of next year’s census, as in this stage we targeted 84 areas, including 44 areas in the lockdown and 40 areas in the countryside across Iraq, and more than 600 male and female researchers participated in it.”
He pointed out, “There is a great response from citizens, whether in lockdown or in the countryside, to conduct the population census, and it far exceeds international countries,” stressing that “the response rate reached 98 percent.”
Yesterday, Friday, the Ministry of Planning announced the launch of experimental census activities throughout Iraq. LINK
Al-Sudani Chairs A Special Meeting For The Industrial Project Financing Initiative
Sunday 02, June 2024 | Economical Number of readings: 229 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting on the initiative to finance industrial projects./End H https://ninanews.com/Website/News/Details?Key=1130197
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Provoking Thoughts and Points To Ponder on Failures and Mistakes
Apparent failure may hold in its rough shell the germs of a success that will blossom in time, and bear fruit throughout eternity.- Frances Ellen Watkins Harper
The causes of mistakes are "I didn't know"; "I didn't think"; and "I didn't care."- Henry H. Buckley
Failures are divided into two classes: those who thought and never did, and those who did and never thought.- John Charles Salak
A failure establishes only this, that our determination to succeed was not strong enough.- Christian Bovee
Self-distrust is the cause of most of our failures. They are the weakest, however strong, who have no faith in themselves or their own powers.- Christian Bovee
Defeat is a thing of weariness, of incoherence, of boredom.- Antoine de Saint-Exupery
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html