News, Rumors and Opinions Tuesday Afternoon 4-4-2023
KTFA:
Clare: A deputy for the law is likely to approve the budget after the first reading
4/04/2023
The representative of the State of Law coalition, Thaer Al-Jubouri, suggested today, Monday, the date for approving the federal budget for the year 2023.
Al-Jubouri told Al-Furat News that: "Tomorrow, the House of Representatives will start reading the budget law, the first reading, and there is a parliamentary determination to speed up its approval."
Al-Jubouri added, "We expect the budget to be approved and put into effect in mid-May."
And the House of Representatives announced the agenda for its session for next Wednesday, which includes the first reading of the draft federal budget law for the years (2023-2024-2025).
From: Raghad Dahham LINK
Courtesy of Dinar Guru
Frank26 You notice the speed of the CBI? You notice how fast they're trying to get this done now? I told you they were running out of time. What time are they running out of? The American dollar value...the monetary reform is exciting right now, exciting.
MarkZ [via PDK] Article: “Parliamentary finance sets the date for the first reading of the budget” This is this week…the first reading is tomorrow. We are also expecting to hear the first reading of the HCL law this week. If all goes as smoothly as they are saying. Both are expected to pass this week.
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TNT:
CandyKisses: Goldman Sachs: Oil will reach $100 a barrel in April 2024
Economy News - Baghdad
Goldman Sachs revised its forecast for oil prices released yesterday and said that prices will reach $ 100 per barrel from December next year, to say today that oil will reach this price in April 2024.
The bank predicted "a rise in OPEC's pricing power, which is the ability to raise prices without significantly harming demand, as a key economic driver," and estimates that the production cut will raise OPEC+ revenues because the price increase offsets the decline in supply volumes.
Nine countries from the OPEC+ alliance announced on Sunday a voluntary cut in oil production by 9.1 million barrels per day until the end of this year, bringing the total cuts announced by the alliance to 16.3 million barrels per day, which helped raise prices to move around $ 66 a barrel
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Tishwash: A delegation from the World Bank is discussing with Al-Alaq in Baghdad the reform of the Iraqi banking sector
A delegation from the World Bank discussed, on Tuesday, with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, reforming the Iraqi banking sector.
A statement by the Central Bank of Iraq, received by Shafaq News agency, stated, "Al-Alaq received the representative of the World Bank, who is in charge of preparing a project to assess the financial sector in Iraq, Sayed Mahdi Hassan, and his accompanying delegation."
During the meeting, according to the statement, "a summary of the report of the financial reform program in Iraq was presented, the strengthening of bilateral cooperation, and the reform of the Iraqi banking sector, especially the government, which represents 80% of the banking sector as a whole, was presented, as well as the adoption of institutional governance and the organization of the structure of banking institutions
And the two parties discussed opportunities Developing information technology in the government banking sector and using comprehensive banking systems in Al-Rasheed and Al-Rafidian Banks. link
OPEC+ Is Winning The Economic War - Checkmate For The West
Sean Foo: 4-4-2023
In a shocking move, OPEC Plus has cut oil production by over a million barrels per day, reviving the energy crisis for the West.
Oil has become a weapon and it goes beyond just OPEC anticipating the coming recession.
As oil prices rise, US strategic reserves are now in danger while the Federal Reserve is also trapped. Here's what you must know!
Timestamps & Chapters:
0:00 OPEC's Shocking Oil Cut
2:09 Power Lies With The Producers
4:42 The West Is Trapped
7:10 US Energy Security In Trouble
9:28 Japan Is Buying Russian Oil
12:16 Prepare For More Inflation
JP Morgan "WARNS Of STOCK MARKET DROP." Expect MUCH HIGHER INFLATION... Be Ready For It.
Greg Mannarino: 4-4-2023