"Tidbits From TNT" Monday AM 12-12-2022
TNT:
Tishwash: The Economist: Iraq is among the fastest growing economies in the Middle East in 2023
A report by the Economic Intelligence Unit of the English Economist Group showed, on Monday, that Iraq is among the most economically developing countries in the Middle East for the year 2023, while it expected inflation to reach about 4.8 percent.
According to the group, which indicated in its report "Middle East Prospects 2023", which was seen by Shafaq News Agency, "The countries of the Gulf Cooperation Council and Iraq will benefit to the maximum extent from the developments of the international energy market in 2023, as the countries of the Gulf Cooperation Council witnessed an increase in oil and gas revenues, which Help drive business activity in the non-energy sectors.”
And she added, "Iraq will witness economic growth in 2023 with Turkey, the UAE and Qatar, reaching more than 4 percent, outperforming Saudi Arabia and the rest of the other countries in the Middle East, while economic growth in Yemen will witness zero, 2 percent in Iran and 2.8 percent in Egypt."
And she expected that "the inflation rate in 2023 in Iraq will reach a rate of 4.8 percent, while Lebanon will be at the forefront of the countries with the highest inflation in the Middle East for the year 2023 at a rate of 167 percent, in Syria 63 percent, in Yemen 39 percent, and in Turkey 34 percent," indicating that less " Inflation will go to Saudi Arabia at a rate of 2.8 percent. link
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CandyKisses: Oil prices are rising again. Brent touches $77 per barrel
Baghdad Today - Follow-up
Oil prices rose more than 1 percent in early Asian trading on Monday as a key crude pipeline between Canada and the United States remained shut down as Russian President Vladimir Putin threatened to cut output in response to the West's imposition of a cap on Russian oil export prices.
Brent crude futures were up 83 cents, or 1.1 percent, at $76.93 a barrel by 00:20 GMT. U.S. West Texas Intermediate crude was at $71.92 a barrel, up 90 cents, or 1.3 percent
, and Canada's TC Energy said on Sunday it had not yet determined the cause of last week's Keystone pipeline oil spill in the United States, while also did not provide a timetable for when the pipeline would resume.
The 622,000 bpd Keystone pipeline is an important artery for transporting Canadian heavy crude from Alberta to refineries in the U.S. Midwest and Gulf Coast and for export.
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CandyKisses: The World Bank is "optimistic" about the future of Iraq because of its "rich" resources and looks forward to developing its economy
Shafaq News/ A delegation from the World Bank expressed, on Sunday, its optimism about the future of Iraq due to the presence of rich human and natural resources, stressing its aspiration to develop the country's economy.
A statement by the Iraqi Presidency, received by Shafaq News agency, stated that "President Abdul Latif Jamal Rashid received, at the Baghdad Palace, the World Bank delegation,
He said that Iraq is one of the active countries in the international community and one of the founders of the United Nations, the World Bank and the League of Arab States, stressing the need to strengthen and expand relations with the World Bank.
He added, "It is important for the international community to know that Iraq, since the defeat of ISIS, has become more politically, security and economically stable, in order to encourage investments and capital to work in the country."
The President of the Republic noted that "the Iraqi government is serious about developing plans, programs and laws that are directly related to the needs of citizens through the advancement of the economy, infrastructure projects and support for the private sector."
The Iraqi president stated that "the most important challenges facing the country is the climate change crisis that threatens the world as a whole, as well as the water problem with neighboring countries, stressing the presence of joint delegations exchanging dialogues to reach successful solutions for a more equitable distribution of water shares commensurate with the increase in the population."
He continued, "What exacerbates the water crisis is waste and the absence of the required organization, pointing out that the relevant Iraqi government agencies have plans developed by specialists that need work and implementation more than the need for conferences and meetings."
During the meeting, aspects of cooperation between Iraq and the World Bank were reviewed in the financial and economic sectors, and the need for the banking system in Iraq to develop in a way that is more rapid, accurate, safe and transparent was emphasized, in addition to emphasizing the importance of diversifying sources of national income and not relying solely on oil through Strengthening the agricultural and industrial sector.
For its part, the World Bank delegation affirmed its optimism about the future of Iraq for its rich human and natural resources, expressing the World Bank's aspiration to enhance cooperation with Iraq in order to develop its economy.
Mot: ...... a Reality fer Sure!! ~~~~
Mot: ... Clever He Is! ~~~~
