Iraq Economic News and Points to Ponder Late Wednesday Evening 11-29-23
Tlm724 Administrator Bondlady’s Corner
Source: The Continued Arrival Of Imported Dollar Shipments By Iraqi Banks Through Baghdad Airport
Economy | 01:02 – 11/29/2023 Baghdad – Mawazine News A banking source close to the Central Bank revealed today, Wednesday, the arrival of new shipments of dollars to Iraq.
The source stated in an interview with Mawazine News that “new shipments of dollars imported by Iraqi banks arrived through Baghdad International Airport to meet the requests of their customers.”
He added, “It is hoped that additional shipments will arrive during the next few days.”
https://www.mawazin.net/Details.aspx?jimare=238710
New Shipments Of Dollars Arrive In Iraq
Wednesday 29, November 2023 13:18 | Economical Number of readings: 448 Baghdad / NINA / A banking source close to the Central Bank revealed, today, Wednesday, the arrival of new shipments of dollars to Iraq.
The source told the official agency, “New shipments of dollars imported by Iraqi banks arrived through Baghdad International Airport to meet the requests of their customers.”
He added, “It is hoped that additional shipments will arrive during the next few days.”/End 9
https://ninanews.com/Website/News/Details?key=1092527
The Central Bank Announces A Decrease In The Inflation Rate Compared To Last Year
Economy | 02:26 – 11/29/2023 Mawazine News – Baghdad The Central Bank announced today, Wednesday, a decrease in the inflation rate compared to last year.
The bank’s statement, in a statement received by Al-Rasheed, stated that “the nature of the price stability achieved in the country is good compared to many countries where inflation has reached two or three decimal places.”
He explained, “Inflation in Iraq reached approximately (3.7%) in August 2023, despite the rise in inflation in Iraq’s trading partner countries and according to the relative importance of those countries in their trade with it, which are both Iran and Turkey, at (46%), (57%).” ) respectively”.
He added, “This reflects the success of the central bank’s policy tools in achieving price stability and maintaining the inflation rate within acceptable limits.”
https://www.mawazin.net/Details.aspx?jimare=238712
The Iraqi Stock Exchange Closes Up By 1.92%
Market Economy News – Baghdad The Iraqi Stock Exchange closed today, Tuesday, up by 1.92%.
The session traded shares of 27 companies, with the number of shares traded reaching more than 444.8 million shares, with a value of more than 514.1 million dinars.
Al Mansour Bank shares rose by 12.6%, followed by the Islamic Bank by 12.07%, and Al Taif Islamic Bank by 9.5%. Economy Bank shares fell by 5%, followed by Ishtar Hotels by 1.4%.
Views 42 11/29/2023 – https://economy-news.net/content.php?id=37966
The Minister Of Finance Stresses To A Parliamentary Delegation The Importance Of Maturing Legislation And Laws That Support The Economic And Development Environment
Wednesday 29, November 2023 19:01 | Economical Number of readings: 433 Baghdad / NINA / Minister of Finance, Taif Sami Muhammad, met at the Ministry’s headquarters today, Wednesday, with a parliamentary delegation that included a number of representatives.
The Ministry of Finance stated in a statement, “The Minister expressed her welcome to the parliamentary delegation’s visit, which comes within the framework of efforts to strengthen the principles of partnership and maintain relations between the executive and legislative authorities.”
The statement added, “The joint bilateral files were discussed and coordination between the ministry and the parliamentary committees concerned with the financial and economic aspects was doubled, and the emphasis was placed on giving the utmost importance to the maturity of legislation and laws that support the economic and development environment that is consistent with the government program and to provide the best services to all components of the Iraqi people.”/End
https://ninanews.com/Website/News/Details?key=1092615
A Chinese Advisor Describes Iraq As The “Largest” Investment Destination For His Country
Money and business Economy News _ Baghdad Counselor of the Chinese Embassy in Baghdad, Xu Haifeng, said on Wednesday that Iraq is the largest investment destination for his country.
Haifeng said in a press conference held today at the Chinese Embassy in Baghdad that Iraq is a country rich in energy represented by oil and gas, and it is natural that the energy field is a relatively greater source of attraction for Chinese investments, and is in line with the industrial diversity in Iraq.
He added that Iraq, in its current state, is able to attract increasing Chinese investments in new fields in the country. Views 61 11/29/2023 – https://economy-news.net/content.php?id=37963
Oil Prices Rise Due To A Storm In The Black Sea
Economy | 11/29/2023 Baghdad – Mawazine News Oil prices rose in early Asian trading, on Wednesday, after a storm in the Black Sea region disrupted Kazakhstan and Russia’s crude exports, raising fears of supply shortages while investors awaited a decisive decision from the OPEC+ alliance that could increase or extend production cuts.
By 0127 GMT, Brent crude futures rose 33 cents, or 0.4 percent, to $82.01 per barrel. US West Texas Intermediate crude futures rose 45 cents, or 0.6 percent, to $76.86 per barrel.
The two benchmarks rose about two percent yesterday, Tuesday, thanks to the possibility of the OPEC+ alliance, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, extending or increasing supply cuts, as well as concerns about oil production in Kazakhstan and the weakness of the dollar.
A severe storm in the Black Sea region disrupted up to two million barrels per day of oil exports from Kazakhstan and Russia, according to government officials and shipping data.
The Kazakh Ministry of Energy said that the country’s largest oil fields reduced daily oil production by 56 percent as of November 27.
OPEC+ is scheduled to hold an online ministerial meeting tomorrow, Thursday, to discuss production targets for 2024, after it was postponed from November 26.
Four OPEC+ sources said that the talks will be difficult and it is possible to extend the previous agreement instead of deeper cuts in production.
Oil also received support from the weakness of the dollar and the decline in US crude inventories.
The dollar fell near its lowest levels in three months against other major currencies on Wednesday, with growing expectations that the Federal Reserve (the US central bank) may begin cutting interest rates early next year. https://www.mawazin.net/Details.aspx?jimare=238691
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Provoking Points to Ponder From Seat of The Soul By Gary Zukav
When you consciously invoke growing you consciously invoke the parts of yourself that are not whole to come into the foreground of your life — With each recurrence of anger – jealousy – or fear — you are given the choice to challenge it – or to give into it — Each time you challenge it – it loses power and you gain power
As you choose to empower yourself – the temptation that you challenge will surface again and again — Each time that you challenge it you gain power and it loses power
With each choice that you make to align yourself with the energy of your soul – you empower yourself – Authentic power is built up step by step – choice by choice — It cannot be meditated or prayed into being — It must be earned
By remaining in your power you do not become a static energy system – one that hoards energy to itself — You become a stable energy system – capable of conscious acts of focus and intention — You become a magnet for those who are illuminated and those who want to be
Continued……….. More to come