Iraq Economic News and Points to Ponder Thursday Evening 1-25-24
Iraq Economic News and Points to Ponder Thursday Evening 1-25-24
Tlm724 Administrator Bondlady’s Corner
Investigations And Embezzlement Of Funds...Accusations Pursue Rafidain Bank And The Central Bank Of Iraq Suspends Its Share Of The Dollar
Money and business Economy News – Baghdad On Thursday, an official source revealed that Rafidain Bank had stopped delivering dollars to travelers.
The source told that the stop came for many reasons, most notably the failure to receive the required share of the dollar from the Central Bank of Iraq, according to Shafaq News Agency.
He stated that the Central Bank suspended the bank’s share of the dollar, even though the bank had directed banks to prepare to meet their requests for the dollar.
The source indicated that the bank’s investigation issues regarding the embezzlement of dollar amounts at the Baghdad International Airport port also contributed to the suspension of its share of the dollar.
Last January, the Central Bank of Iraq decided to include banks that are allowed to participate in the electronic platform and wish to participate in selling cash dollars for travel, treatment, and study purposes.
The bank directed the government banks (Al-Rafidain - Al-Rashid - Trade Bank of Iraq (TBI)) to expand outlets selling cash dollars to travelers at the country's airports (Baghdad - Basra - Najaf - Erbil - Sulaymaniyah).
It is noteworthy that the Central Bank, in cooperation with the federal government, issued strict instructions to limit the smuggling of hard currency out of the country.
196 views 01/25/2024 https://economy-news.net/content.php?id=39807
The Prime Minister Confirms That Iraq Is Moving Towards Major Development And Strategic Projects And Productive Economic Partnerships
Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed on Thursday that Iraq is moving towards major development and strategic projects and productive economic partnerships.
The Prime Minister’s Media Office stated in a statement, seen by Al-Iqtisad News, that “Prime Minister Muhammad Shiaa Al-Sudani received, this evening, Thursday, a delegation of secretaries and governors of Arab capitals headed by the Secretary-General of the Arab Cities Organization, Abdul Rahman Hisham Al-Asfour, and Al-Sudani welcomed the The meeting began with the Arab guests and their meeting that was held in Baghdad after a break that lasted more than three decades, stressing Baghdad’s permanent readiness and ability to host all its guests, whether they are Arab brothers or friends.
The Prime Minister affirmed - according to the statement - “Iraq is moving towards major development and strategic projects and productive economic partnerships,” noting that “the government in Iraq has placed as its top priority the comprehensive improvement of Baghdad and the rest of Iraqi cities, as well as openness to the successful experiences of brothers and friends, in Regarding reliance on technology and advanced methods for urban development and all service sectors.”
Al-Sudani stated, “At a time when we are searching for the best ways to develop and advance our cities, Gaza stands out before us because of the systematic destruction and devastation it is suffering from, and the lack of the most basic means of livelihood, due to the aggression and inhumane crimes committed by the occupation authorities against our Palestinian people there.”
He reiterated his support for “establishing a fund to support and reconstruct the Gaza Strip after the cessation of the aggression, which is the initiative launched by Iraq during the 2023 Cairo Peace Summit, which was held last October, and was greatly welcomed.”
Views 52 01/25/2024 - https://economy-news.net/content.php?id=39823
Iraq Renews Its Commitment To The Safety Of International Coalition Advisors And Allocates A Timetable For Their Survival
Political |01/25/2024 Mawazine News – Baghdad The Ministry of Foreign Affairs announced, today, Thursday, an agreement with the United States to formulate a timetable for the presence of international coalition advisors.
The ministry said in a statement received by Mawazine News: “In fulfillment of its national obligations and in line with the growing capacity and efficiency of the Iraqi forces, the Iraqi government, in agreement with the government of the United States of America, announces the success of the ongoing negotiation rounds between the two sides that began in August 2023 and concluded with the necessity of launching the military committee.”
The Supreme Council (HMC) at the level of working groups to assess the threat and danger of ISIS, the situational and operational requirements, and to strengthen the capabilities of the Iraqi security forces, in order to formulate a specific and clear timetable that specifies the duration of the presence of international coalition advisors in Iraq, and to initiate the gradual, deliberate reduction of its advisors on Iraqi soil and end the military mission of the coalition against ISIS.
She added, "The agreement includes a transition to comprehensive bilateral relations with the coalition countries, political, economic, cultural, security, and military, consistent with the vision of the Iraqi government. We particularly mention the Strategic Framework Agreement, which regulates the comprehensive relations between Iraq and the United States of America and reflects the common desire for cooperation between the two sides in a way that achieves the interests of the two countries and contributes to “By strengthening Iraq’s regional and international role in a manner befitting its historical status and building the best relations with the international community to serve the interests and aspirations of the Iraqi people.”
She continued, "The two sides expressed support for the work of the committee, facilitating its tasks, and refraining from anything that obstructs or delays its work. Maintaining the course of the committee's work and its success in achieving its mission is a national interest, in addition to contributing to preserving the stability of Iraq and the region."
The Foreign Ministry noted, "The government called for the work of this committee not to be halted, faltered, or interrupted, and to work to avoid tampering with Iraq's stability to achieve special goals."
The statement affirmed, “Iraq renews its commitment to the safety of the international coalition’s advisors during the negotiation period throughout the country, to maintaining stability and preventing escalation. The government also confirms its welcome of this agreement and considers it part of its fulfillment in fulfilling the government program and the pledges it has committed to before the people.”
The National Investment Authority Publishes An Annual Report On Its Achievements Achieved In 2023 And Confirms The Advancement Of The Policy Of Sustainable Investment Projects.
Thursday 25, January 2024 | Economical Number of readings: 279 Baghdad / NINA / The National Investment Authority announced its annual report on its achievements for the year 2023, stressing the continuation of strengthening the economic sector and developing sustainable investment projects.
The authority’s official spokesman, Muthanna Al-Ghanmi, said in a statement: The authority works within the context of the government’s vision and program aimed at enhancing investments and a transparent environment for developing sustainable projects in various vital sectors in housing, transportation, agriculture, industry, and renewable energy.
He added, "The investment climate factors that attract capital and foreign companies specialized in implementing investment projects are available in Iraq, especially within the framework of the guarantees, benefits, and facilities provided by Law No. (13) of 2006 as amended, as well as the government’s support for the components of the private sector."/End H
https://ninanews.com/Website/News/Details?key=1103078
With The Stock Market Closed...The Dollar Declines In 7 Iraqi Governorates
Thursday 25, January 2024 19:11 | Economical Number of readings: 286 Baghdad / NINA / The exchange rates of the dollar against the dinar recorded a decrease this evening, Thursday, in 7 Iraqi governorates.
Below is a list of the selling price for the dollar, noting that the Central Bank of Iraq price is (1,320 dinars to the dollar):
Baghdad: 151,450 dinars Erbil: 151,300 dinars Basra: 152,000 dinars Najaf: 151,500 dinars
Nineveh: 151,400 dinars. Kirkuk: 151,400 dinars. Sulaymaniyah: 151,400 dinars. https://ninanews.com/Website/News/Details?key=1103117
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Top 100 Inspirational Quotes Compiled By Kevin Kruse
Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even give us the courage to pursue our life’s dreams. In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.
So in the spirit of self motivation, here are 100 inspirational quotes.
22. I am not a product of my circumstances. I am a product of my decisions. – Stephen Covey
23. Every child is an artist. The problem is how to remain an artist once he grows up. – Pablo Picasso
24. You can never cross the ocean until you have the courage to lose sight of the shore. – Christopher Columbus
25. I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. – Maya Angelou
26. Either you run the day, or the day runs you. – Jim Rohn
http://www.forbes.com/sites/kevinkruse/2013/05/28/inspirational-quotes/