Zig’s Place Chatroom News Wednesday Afternoon 1-19-22
Zig’s Place Chatroom News Wednesday Afternoon 1-19-22
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Butterfly Global oil prices continue to rise .. Brent crude exceeds $ 89 Economie- 19-01-2022 07:21 ...... Trading data on the stock exchanges indicates that the price of a barrel of Brent crude oil exceeded $89 for the first time in the past seven years, i.e. since October 13, 2014.
The price of March futures contracts for Brent crude rose 0.60 percent to $89.03 A barrel, March futures for WTI crude rose 1.80 percent to $86.36.
As of May last year, “OPEC +” reduced production by 9.7 million barrels per day due to the decrease in demand for oil caused by the Corona virus pandemic, and with the stabilization of the situation in the market, the terms of the agreement were modified.
On Thursday, statistics on weekly oil inventories are expected in the US. In the week ending January 7, commercial inventories in this country fell to their lowest level since October 2018. https://www.dijlah.tv/index.php?page=article&id=297049
butterfly An important archaeological discovery under the Al-Nuri Mosque in Nineveh Economie- 19-01-2022 07:06 AM The Nineveh Governorate Antiquities and Heritage Inspectorate announced, on Wednesday, the discovery of an important archaeological discovery under the Al-Nuri Mosque during the maintenance operations that have been underway on the mosque for 4 months
Islamic Atabeg Era. Pointing out that the importance of this discovery lies in the fact that it allows "to know the extensions of the Al-Nuri Mosque and the old prayer hall, in addition to discovering ablution shops, which will increase the importance of this historical and archaeological site," he added. He explained that "the floors of the old chapel that were discovered are wider than the floors of the chapel that was built in the forties of the last century."
The discovery also included "4 rooms under the chapel used for the ablution process for the worshipers, which are 4 rooms connected to one another and built with stone and plaster." The width of one room is 3 and a half meters, its height is 3 meters, and it is located about six meters below ground level. It contains two basins of al-Halan, the depth of each basin is 60 centimeters. https://www.dijlah.tv/index.php?page=article&id=297047
butterfly Switzerland expresses readiness to expand relations with Kurdistan 2022-01-19 09:51
Shafaq News/ The Kurdish Prime Minister, Masrour Barzani, met on Wednesday, the Swiss Ambassador to Iraq and Jordan, Lucas Gasser.
In a statement, the Kurdish Government said, "both sides discussed the situation in Iraq and efforts to form the new Iraqi government, as well as ways to strengthen relations between Kurdistan and Switzerland."
For his part, the Ambassador expressed "his country's readiness to expand cooperation and encourage Swiss companies to invest in the Region."
During the meeting, Barzani highlighted the governmental reforms, especially in diversifying the economy and revenues and benefiting from "the successful Swiss experience in developing Kurdistan at all levels." https://shafaq.com/en/Kurdistan/Switzerland-expresses-readiness-to-expand-relations-with-Kurdistan
butterfly HOLY BEJESUS: ............ 'Valley of Peace,' largest world cemetery in holy city of Najaf
Wadi al-Salam is an ancient cemetery, the largest graveyard in the world, in Iraq's Shiite city of Najaf, where most Shiite Iraqis want to be buried. https://www.al-monitor.com/originals/2022/01/valley-peace-largest-world-cemetery-holy-city-najaf
butterfly No room at the inn applies there....
Zig Yikes
Dave In some European cities families must rent/lease grave sites in cemeteries or risk getting evicted
Butterfly Turkey and UAE sign local currency swap agreement
The Turkish Central Bank said - today, Wednesday - that it had signed a currency exchange agreement with the Central Bank of the Emirates with a nominal volume of 64 billion liras ($4.7 billion) and 18 billion dirhams, according to Reuters.
The bank said that the agreement, which aims to enhance bilateral trade and forms of financial cooperation between the two countries, will last for a period of 3 years, with the possibility of extending it with the agreement of the two parties.
Anadolu Agency said that the agreement was signed by the Governor of the Central Bank of Turkey, Shehab Kavcioglu, and his Emirati counterpart, Khaled Muhammad Balama.
The statement included statements by Turkish and Emirati officials. Kavcioglu stressed that the agreement is an indication of the two countries' insistence on deepening bilateral trade in local currencies.
For his part, Al-Amma said that the agreement is evidence of the two countries' desire to increase bilateral cooperation in financial matters, especially in the field of trade and investments.
Source: Reuters + Anadolu Agency https://rawabetcenter.com/archives/141270
butterfly Erdogan urges Turks to convert foreign currency savings into lira
Turkish President Recep Tayyip Erdogan urged his citizens and businesses on Wednesday to convert their foreign currency savings into the lira (national currency), as Ankara seeks to boost demand for the lira.
Erdogan said - after a cabinet meeting - that 163 billion lira ($12.2 billion) had been deposited into accounts, as part of a government system that protects lira deposits from exchange rate drops.
And the new financial mechanism called the Turkish Lira Deposit, which is protected from exchange rate fluctuations, guarantees the lira depositor not to fall victim to exchange rate fluctuations, and to obtain the declared interest, in addition to the difference in the dollar price between the time of deposit and withdrawal.
On another occasion today, Erdogan said that his country had succeeded in manufacturing armed drones, despite the parties that underestimated its capabilities in this regard.
During the 51st meeting with the district and village mayors in the capital, Ankara, he stressed that Turkey is currently emerging as the strongest alternative at a time when the center of global production and trade is changing.
While the existing factories in the industry are operating at full capacity, new investments are constantly being made, the president said.
He added: We have approached the 30 million mark in employment by reaching a higher level than we were before the Corona pandemic.
Erdogan stressed that Turkey's foreign trade volume has reached $500 billion, of which more than $225 billion is for exports. https://rawabetcenter.com/archives/141283
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