Iraq Economic News and Points to Ponder Sunday Afternoon 1-21-24
Tlm724 Administrator Bondlady’s Corner
Parliamentary Finance Calls For Accelerating The Sending Of The Budget For The Purpose Of Approval
Economy | 01/21/2024 Mawazine News – Baghdad The Parliamentary Finance Committee discussed, on Sunday, with the Minister of Finance, Taif Sami, the completion of the 2024 budget schedules before their approval.
The House of Representatives media stated in a statement received by Mawazine News, that “The Parliamentary Finance Committee met with the Minister of Finance, Taif Sami, and the issues of employee compensation were discussed.” And inspectors and added amounts for purchasing energy and implementing projects included in the government plan.”
The Finance Committee asked the Minister of Finance to “expedite the preparation of the budget schedules and send them for review and voting on them.”
For her part, Taif Sami said, “Financing projects is done according to the allocations and listing requirements, and the components and violations must be modified in coordination with the Ministry of Planning, in addition to the issue of the region’s revenues.”
Al-Maliki Stresses To The US Ambassador The Necessity Of Maintaining And Developing Friendly Relations And Cooperation
Political | 01/21/2024 Mawazine News – Baghdad The head of the State of Law coalition, Nouri al-Maliki, stressed today, Sunday, the necessity of activating the strategic framework agreement between the two countries, as well as working to develop bilateral relations to serve the two countries.
The media office of the State of Law coalition said in a statement received by Mawazine News, “Al-Maliki received in his office the American Ambassador Elena Romanski, and during the meeting the two sides reviewed the future of bilateral relations between the two countries, as well as the escalation of tensions in the region and the repercussions of the Al-Aqsa Flood operation and Baghdad’s keenness on the need to end The Zionist aggression and the opening of humanitarian corridors to bring in aid.”
Al-Maliki stressed “the importance of strengthening friendship and cooperation relations, and continuing to sustain and develop them in a way that serves the interests of the two friendly peoples,” noting “the necessity of activating the agreements concluded between the two countries, especially the strategic framework agreement, in line with the importance of the current stage and the many crises facing the region, especially Events in occupied Palestine, Lebanon, the Red Sea, northern Syria and Iraq,” calling for “speedy action to reduce tension and end the mutual attacks that may herald the expansion of the war.”
The statement continued, “The American ambassador “renewed her country’s support for the stability of Iraq, stressing the continuation of dialogues between the two countries in order to strengthen partnership projects in various important and vital sectors.” https://www.mawazin.net/Details.aspx?jimare=240790
The Chairman Of The Military Industrialization Authority And The British Ambassador Discuss Attracting Local And Foreign Investments
Sunday 21, January 2024 | Economical Number of readings: 335 Baghdad / NINA / The head of the Military Industrialization Authority, Mustafa Ati Hassan, confirmed that military industrialization played a major role in supporting the country’s sovereignty through defense industries and revitalizing the Iraqi economy, through its various initiatives.
During his meeting with the British Ambassador to Iraq, Stephen Hitchen, today, Sunday, the head of the authority reviewed the mechanism of work of military manufacturing in line with the requirements of local and international rules, pointing out the need to support the government’s directions in participating with the private sector and improving the work environment in order to attract local and foreign investments.
For his part, British Ambassador Stephen Hitchen affirmed his country’s support for the directions of the Iraqi government and meeting the requirements for its progress./End 5
The Minister Of Finance Discusses With The Finnish Ambassador To Iraq Enhancing Economic And Investment Cooperation Opportunities Between The Two Countries
Sunday 21, January 2024 14:11 | Economical Number of readings: 371 Baghdad / NINA / The Minister of Finance, Taif Sami Muhammad, met today, Sunday, at the Ministry’s headquarters, with the Finnish Ambassador to Baghdad, Anu Saarila, and her accompanying delegation.
The Ministry of Finance stated in a statement, “The two sides reviewed aspects of cooperation and coordination between the two friendly countries in various fields, most notably the field of finance and business, in addition to discussing enhancing opportunities for economic and investment cooperation, with the possibility of benefiting from Finland’s experience in the infrastructure sectors and reconstruction efforts, especially since Iraq It is witnessing an unprecedented stage in the field of reconstruction and construction.”
The Minister affirmed “Iraq’s keenness to raise the level of relations and advance them for the benefit of the two friendly countries.”
For her part, Ambassador Sarila affirmed, “His country’s continued support for Iraq in the next stage, and the Finnish side’s aspiration to deepen joint cooperation between the two countries, expressing her country’s government’s readiness to strengthen cooperation frameworks with Iraq at many levels, especially in the field of finance and business.”/End H
Iraq’s oil exports to America decrease by about 128 thousand barrels per day
Sunday 21, January 2024 | Economical Number of readings: 359 Baghdad / NINA / The US Energy Information Administration announced today, Sunday, that Iraq’s oil exports to America decreased during the past week.
The administration said in a table, “Iraq’s oil exports to America amounted to 64 thousand barrels per day last week, down by 128 thousand barrels per day from the previous week, which reached an average of 192 thousand barrels per day.”
She pointed out that “most of America’s oil revenues during the past week came from Canada, followed by Mexico and Saudi Arabia, and then Brazil.”
She explained that American imports of crude oil continued, from Colombia, Nigeria, Ecuador, and Libya, while no quantity was imported from Russia. https://ninanews.com/Website/News/Details?key=1102207
Customs Announces An Increase In Revenues Compared To 2022
Economy | 01/21/2024 Mawazine News – Baghdad Today, Sunday, the General Authority of Customs announced an increase in revenues amounting to 28 percent compared to the year 2022.
The authority said in a statement received by Mawazine News, “The authority’s revenues achieved during the year 2023 amounted to (1,033,765,697,521) dinars, with an increase rate of (28%).” Compared to the year 2022, the border customs centers with the highest percentage increase, not the volume of revenues, were the ones where the electronic system was fully implemented.”
She added, “The percentage of increase achieved in Zurbatiya Customs Center was (208%), and the percentage of increase achieved in Al-Mundhiriya Customs Center was (170%), while the percentage of increase achieved in Mandali Customs Center was (147%). As for the customs center, The highest border level in terms of revenues is the Great Welcome Square Customs at an amount of (302,198,276,000) Iraqi dinars, an increase of 75 percent.
The authority continued, “its revenues result from the fees imposed in accordance with the law and instructions in force,” expressing its hope “to maximize its revenues during the year 2024 after completing the implementation of electronic systems in all customs centers.”
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Provoking Points To Ponder on Adversity:
One who was adored by all in prosperity is abhorred by all in adversity. – Baltasar Gracian
Prosperity provideth, but adversity proveth friends. – Queen Elizabeth I
The human race has had long experience and a fine tradition in surviving adversity. But we now face a task for which we have little experience, the task of surviving prosperity. – Alan Gregg
Adversity reveals genius, prosperity conceals it. – Horace
The virtue of prosperity is temperance; the virtue of adversity is fortitude. – Francis Bacon
In the day of prosperity be joyful, but in the day of adversity consider. – Bible