Iraqi News Monday Afternoon 1-24-22
Iraqi News Monday Afternoon 1-24-22
TLM724 Administrator BondLady’s Corner
Financial Intelligence
Monday 24 January 2022 544 Yasser Al-Metwally
A new term that is being circulated among different economic circles (commercial, investment, banking, etc.) and is included within the concept of modern economic culture called (financial intelligence).
Simply, it means how to manage money properly directed to the financial and business circles, especially young entrepreneurs. This term is based on the new concepts that emerge here and there that are imposed by global economic changes that are the product of waves of financial crises that strike the global economy, as well as the effects left by the Corona pandemic, which calls for dealing with the future with ideas New.
In order to identify the contents and concept of this term, and for the purposes of analyzing this economic phenomenon, we describe it with an assumed economic theory to simplify the concept.
This default theory targets young people looking for job opportunities by investing and managing their money according to the aforementioned conditions.
It also seeks to maximize profits as well in the business community.
This theory also aims to liberate the knot of holding on to public office by the unemployed youth, a culture rooted in the minds of generations and inherited and calls for dealing with global changes to ensure a more fortunate future according to this theory.
Her vision in this regard is justified by the fact that the returns of public jobs do not meet the aspirations of young people to build a future and wealth that will enable them to live in luxury. Rather, the employee and the wage earner spend all his life until he reaches the retirement age while living on a limited income, and she sees this culture as a waste of time.
Based on the data we discussed, we conclude that the theory focuses on the nature of dealing with money (financial freedom) through earning more money and how to protect money through rationalizing consumption and working to achieve a savings surplus by temporarily postponing consumption to achieve a future goal.
The default theory calls for setting a budget for funds to control the pace of investment, and focusing on the possibility of raising the return on investment. For the purpose of achieving the foundations of freedom of funds, the theory focuses on developing financial information for young entrepreneurs, which leads to raising their skills towards achieving rational and sound management of funds.
This is simply our analytical vision of the concept, content and objectives of financial intelligence as a term directed to young entrepreneurs and aims to create a modern culture to look at the future of the entrepreneur community.
What concerns us here in Iraq, I find with the serious directions to support small and medium enterprises to support the unemployed youth to extract from the contents of this hypothetical theory or the new term more precisely the correct directions for managing borrowed funds in order to achieve a sound financial intelligence program to maximize the returns of their investments.
Those looking to engage in entrepreneurship should read between the lines of the article, and whether they find benefit from this hypothetical theory to develop their skills in managing their money, investments and future projects. https://alsabaah.iq/60027/%D8%A7%D9%84%D8%B0%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A
Iraq Looks Forward To Forming An Economic Bloc With Saudi Arabia
The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, announced today, Monday, Iraq's aspiration to form an economic bloc with Saudi Arabia.
Al-Zuhairi said in his speech during the Iraqi-Saudi Business Forum held in Riyadh, "The Kingdom of Saudi Arabia is an important strategic depth, due to its large economy, and there are economic changes that occurred after Corona," noting that "we are looking forward to forming an economic bloc with Saudi Arabia."
He added, "Iraq owns water and energies, in addition to Saudi Arabia's possession of expertise and money," expressing his hope that "there will be communication between the two private sectors: the Iraqi and the Saudi, and we hope that it will keep pace with development."
https://www.radionawa.com/all-detail.aspx?jimare=27692
Minister Of Environment: The Government's Trend Is Moving Towards Promoting Reliance On Renewable Energy And Economic Diversification In Iraq
Sunday 23 January 2022 13:59 | economic Number of readings: 61 Baghdad / NINA / - The Ministry of Environment confirmed that the current government trend is moving towards enhancing dependence on renewable energy and economic diversification, and strengthening the productive sectors in Iraq to support the economy.
The Minister of Environment and Agency Jassim Al-Falahi said, during the opening of the activities of the Iraq Forum for Renewable Energy in Baghdad today, Sunday, that "the vision of the national government team is to promote a sustainable green economy, because the Iraqi economy depends on oil production as a means to enhance its financial revenues and strengthen infrastructure, but the government's orientation Now it is strengthening the so-called weak left arm based on renewable energy and economic diversification, promoting productive sectors and nature-based solutions.”
He added, "The application of the principles of sustainable development and strengthening the response of the economy requires a gradual transition from an economy based on oil production as a major source of the economy and a major source of energy, to a sustainable green economy, and this cannot be done without strengthening all efforts to shift towards renewable energies."
He explained, "Iraq was classified as one of the most fragile countries in the world affected by climate changes, and this is related to the great pressure on natural resources from the impact of climate changes on biodiversity, the lack of water security and food insecurity, and the impact of many areas by environmental refugees and the rapid spread of epidemic diseases in light of Corona pandemic, sea level rise, increased drought rates and great pressure to increase dust storm rates.”
The Agency's Minister of Environment stressed that "balancing the impact of climate change can make the Iraqi environment more stable, by what is called increasing Iraq's resilience by providing water and food security, enhancing the implementation of sustainable development goals, health and social security, and promoting nature-based solutions."
And he indicated that "the Iraqi economy has depended heavily for decades on oil production, and the Ministry of Oil plays a major role in strengthening this economy, but Iraq's reliance on oil production as a major source of the economy has very important repercussions, as Iraq went through crises in light of fluctuations in oil prices in a pandemic."
Corona and the financial crisis, but it was overcome thanks to the legalization and rationalization of firm and painful financial procedures and treatments.” https://ninanews.com/Website/News/Details?key=952248
On The Day Of The Iraqi Judiciary.. The President Of The Republic Praises The Positions Of The Judiciary In Implementing Justice And Combating Corruption
Sunday 23 January 2022 13:38 | General Number of readings: 45 Baghdad / NINA / - The President of the Republic, Barham Salih, congratulated the judiciary on the Iraqi Judicial Day.
He said on his Twitter site: "I extend my sincere congratulations and blessings to the President of the Supreme Judicial Council and those working in the judiciary on the Iraqi Judiciary Day, and we evoke their heroic and honorable stances in applying the law, justice and fighting corruption despite the various challenges and difficulties."
Salih saluted the martyrs of the judiciary in honor of laying the foundations of justice and truth./End 3
https://ninanews.com/Website/News/Details?Key=952242
Al-Kazemi Receives The American Ambassador And The Sovereignty Of Iraq At Their Table
Political | 03:27 - 01/24/2022 Baghdad - Mawazine News Prime Minister Mustafa Al-Kadhimi Received, On Monday, The US Ambassador To Iraq, Matthew Tueller And His Accompanying Delegation.
A statement by Al-Kazemi's office said that "Mawazine News" received a copy of it, that during the meeting, bilateral relations between Iraq and the United States were discussed, and prospects for expanding cooperation between the two countries in various fields.
During the meeting, the Prime Minister stressed Iraq's keenness to enhance cooperation with the United States in the diplomatic and economic fields, in addition to security cooperation within the frameworks of advice, empowerment and intelligence support, and to preserve Iraq's sovereignty.
For his part, Ambassador Tueller affirmed the United States' support for Iraq's efforts to enhance security and stability locally and regionally, as well as its support for the Iraqi government's pursuit of financial and economic reform, which would reflect positively on opportunities for sustainable development and the prosperity of the Iraqi economy. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=182543
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