Iraq Economic News and Points to Ponder Late Thursday Evening 1-11-24

Tlm724 Administrator Bondlady’s Corner

The Prime Minister Discusses With Representatives Of Ernst & Young Its Plan To Organize And Structure The Work Of Rafidain Bank
 
Economy News – Baghdad  On Thursday, Prime Minister Muhammad Shiaa Al-Sudani discussed with representatives of Ernst & Young its plan to organize and structure the work of Rafidain Bank.

A statement issued by the Prime Minister's Media Office, seen by Al-Iqtisad News, said, "The Prime Minister chaired a meeting that included representatives of Ernst & Young for auditing and financial consulting, in the presence of the Minister of Finance, the Governor of the Central Bank of Iraq, and the Prime Minister's advisors concerned with the economic aspect."

During the meeting, according to the statement, the initial draft of the company’s plan was discussed. For the purpose of organizing and structuring the work of Rafidain Bank, within the government’s approach to reform the banking and financial sector, a number of observations were recorded on the draft plan with the aim of amending it and proceeding with its implementation.

The Prime Minister stressed the need for “the plan to be applicable and not a copy of previous experiences, and to achieve its desired goal.”

According to the statement, the Prime Minister also expressed the government’s readiness to provide all necessary facilities to accomplish transformation and restructuring, which is an essential part of the goal of the government program in the field of financial and banking reform.

Al-Sudani stressed the speed of completion, in order to make the required plan successful and achieve tangible progress within the framework of economic reform.

116 views 01/11/2024 - https://economy-news.net/content.php?id=39354

Oil Records A Qualitative Leap And Approaches $80
Economy | 03:16 - 01/11/2024  British maritime security company Ambrey said in a memorandum on Thursday that four or five gunmen boarded an oil tanker east of Sohar in the Sultanate of Oman.
Embry said the crude oil tanker flying the Marshall Islands flag was sailing in the direction of Bandar Jask, Iran.
Oil prices jumped by nearly 2 percent, at rates greater than the quiet rises they witnessed in Asian trading, as markets ignored the sudden jump in US crude inventories announced by the Energy Information Administration on Wednesday.
Market movements:
Brent crude futures rose $1.28, or 1.72 percent, to $78.10 per barrel, by 9:55 GMT, and US West Texas Intermediate crude futures rose $78.10, or 1.78 percent, to $72.64 per barrel.

https://www.mawazin.net/Details.aspx?jimare=240221

The Dollar Exchange Closes Its Doors At A New High
Local | 06:19 - 01/11/2024  Most Iraqi stock exchanges closed for parallel markets today, Thursday, with the dollar exchange rates rising by 21.4 points from the official price.

A source told Mawazine News that most of the governorate's stock exchanges closed with a noticeable increase in dollar exchange rates, as the capital, Baghdad, and its two stock exchanges, Al-Harithiya and Al-Kifah, recorded the sale of 100 dollars for 153,400 dinars.

While Basra Governorate recorded the sale of 100 dollars for 153,750 dinars, and the Najaf Governorate recorded the sale of 100 dollars for 153,500 dinars.

As for the northern governorates, sales of $100 were recorded in: Erbil 152,950, Sulaymaniyah 153,000, Mosul 153,200, Kirkuk 153,000.   https://www.mawazin.net/Details.aspx?jimare=240240

Financial Sustainability Guide
 
January 11, 2024   :diamonds: Sustainability guideline..

For more, click here     https://cbi.iq/static/uploads/up/file-17049614896312.pdf  
https://cbi.iq/news/view/2498

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Provoking Points To Ponder on Adversity:

Those who have suffered understand suffering and therefore extend their hand.- Patti Smith

The saints rejoiced at injuries and persecutions, because in forgiving them they had something to present to God when they prayed to Him.- Teresa of Avila

The difficulties and struggles of today are but the price we must pay for the accomplishments and victories of tomorrow.- William J. H. Boetcker

Experience may be hard but we claim its gifts because they are real, even though our feet bleed on its stones.- Mary Parker Follett

And I think that's important, to know how the water's gone over the dam before you start to describe it. It helps to have been over the dam yourself.- E. Annie Proulx

I think these difficult times have helped me to understand better than before how infinitely rich and beautiful life is in every way that so many things that one goes around worrying about are of no importance whatsoever.- Isak Dinesen

Problems are the price of progress. Don't bring me anything but trouble.- Charles F. Kettering 

http://famousquotesandauthors.com/topics/adversity_quotes.html

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