More News, Rumors and Opinions Friday Afternoon 11-4-2022
KTFA:
Samson: Deputy: The Sudanese government intends to consider electrical connection deals with Jordan and Saudi Arabia
3rd November, 2022
A member of the Electricity and Energy Committee, Suhaila Al-Sultani, considered, on Thursday, the electrical interconnection agreement with Jordan and Saudi Arabia, which was signed by the previous caretaker government, as having a political dimension and economically unfeasible.
Al-Sultani said in an interview with the "Information" agency, that "the Sudanese government will take steps to reconsider the electrical connection deals during the era of the caretaker government."
She added that "the file of the electrical connection with Jordan and Saudi Arabia is a drain on Iraq's wealth, and indicated that" the goal of the electrical connection with Jordan and Saudi Arabia is political on the part of America."
She pointed out that "the electrical linkage agreement with Jordan and Saudi Arabia is economically useless and constitutes a challenge and a provocation to the Iraqi people," stressing that "the Sudanese government will take steps to reconsider the electrical linkage deals."
A member of the Al-Fateh Alliance, Ali Al-Fatlawi, stressed in a previous interview with the Information Agency, the role of the Ministry of Foreign Affairs with other countries to cancel the decisions and agreements of the caretaker government led by Mustafa Al-Kazemi, pointing out that the decisions of the Sudanese government were correct and came at the right time. LINK
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Samson: Yassin: Corruption has reached the level of terrorism, and combating it needs courage
03/11/2022 22:27:26
The anti-corruption expert, Saeed Yassin, pointed out that corruption has reached the level of "terrorism".
Yassin told Al-Furat News that: "Corruption has reached the level of terrorism and the pandemic, and today and tomorrow, deterrent measures must be taken, the rule of law is imposed, and the law is enforced with justice and strictness on all."
He added, "So far, the method of law enforcement and judicial procedures are taking place comfortably, and according to the standards, there is strict implementation of the law, and the basis is the rule of law, arrest and recruitment, money seizure, travel ban and the pursuit of fugitives."
Yassin pointed out to "resolute efforts to combat corruption, but the lesson is in the courage of the decision when the government decides to strengthen the work of integrity by prosecuting the theft of public money, and correct criteria must be set in selecting employees and fortifying institutions, and measures must be taken to avoid the recurrence of corruption operations."
Prime Minister Muhammad Shiaa al-Sudani affirmed that his ministerial team will address the next stage, and its quest to cooperate with the legislative authority to bypass the next stage. Al-Sudani said, that the pandemic of corruption that affected all aspects of life is more deadly than the Corona pandemic, and was the cause of many economic problems, weakening the prestige of the state, increasing poverty, unemployment and poor services, and accordingly our program will include firm policies and measures to combat this pandemic. LINK
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Samson: IMF: Iran has the lowest debt among the countries of the Middle East and Central Asia
4th November, 2022
Today, Friday, the International Monetary Fund announced that Iran's external debt is lower than all countries in the Middle East and Central Asia, and estimated the ratio of debt to GDP in 2022 at only 0.5%.
The International Monetary Fund, in part of its new report entitled "Economic Prospects for the Middle East and Central Asia", examined the size of the external debts of 28 countries in the region, including Iran.
According to the calculations of this international organization, Iran has the lowest ratio of external debt to GDP in 2022 compared to other countries in the region.
This report indicated that the ratio of Iran's external debt to GDP this year was only 0.5%, which is lower than all countries in the Middle East and Central Asia.
It is noteworthy that in 2021 the Iranian foreign debt recorded the same number.
The average debt of the countries in the region of their GDP this year is estimated at 35.8%. The debt-to-GDP ratio of oil-exporting countries in the region was also announced this year at 30.9%. LINK
Courtesy of Dinar Guru
Sandy Ingram The new prime minister of Iraq said the following on Tuesday, Its government with the help of the Central Bank of Iraq will do is best to increase the price of the Iraq dinar against the U.S. dollar. Article: "Iraqi premier to raise Iraqi dinar value" He did not say what the revalue would be.
Pimpy The 8th fastest growing economy, $9 billion a month in sales, a possible $200 billion in surplus money. It just seems like Iraq is teetering right on the edge of finally getting back on track and being a great nation and ready to do business internationally. I'm looking forward to it and it's going to benefit the Iraqi people...if they prosper then hopefully...their currency will increase in value...
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Should the US Be Worried That Saudi Arabia Wants to Join BRICS?
Strait Talk: 10-28-2022
The world's largest oil producer Saudi Arabia, is reportedly asking to join the BRICS group. The regional bloc, comprising Brazil, Russia, India, China and South Africa, has been touted as a serious counterweight to the western led world order.
Just a week ago during his visit to Riyadh, South African President Cyril Ramaphosa announced that Crown Prince Mohammed bin Salman expressed the kingdom's desire to join BRICS.
Saudi Arabia, home to 17% of the world's proven oil reserves, maintained close security and economic ties with the US for decades. But since the election of Joe Biden, Riyadh has steadily moved closer to US rivals like Russia and China.
Earlier this month, the oil producing cartel OPEC+, announced it would cut oil production by two million barrels a day. The US blasted Saudi Arabia for the move, saying it would directly support Russia and hurt US consumers ahead of next month's midterm elections.
The BRICS countries, have long called for new financial centres to counteract US dominated institutions like the IMF and World Bank.
Would Saudi Arabia's inclusion into the group help BRICS achieve that goal?