Iraq Economic News and Points to Ponder Saturday Afternoon 2-17-24
Tlm724 Administrator Bondlady’s Corner
Parliamentary Economics Sets Two Conditions For Controlling Economic Policy
Time: 02/17/2024 Read: 468 times {Local: Al-Furat News} Today, Saturday, the Parliamentary Economics Committee set two conditions for controlling economic policy.
Committee member Kazem Al-Fayyad said {to Al-Furat News} that: “The economic policy in the country is weak in the industrial, commercial and economic aspects, specifically with regard to the banking aspect.”
He added, “In addition to issues of trade exchange in internal and external transactions.”
Al-Fayad explained, “Neighboring countries, the Gulf, and the whole world depend on a sound economic policy, whether in terms of trade exchange. Every amount is calculated in exchange for goods entering the country.” He stated, “These policies are through controlling export and import outlets.” LINK
The US Dollar Renews Its Rise Against The Iraqi Dinar
Economy | 02/17/2024 Mawazine News – Baghdad The exchange rates of the US dollar against the Iraqi dinar witnessed a slight increase today, Saturday, in local markets.
The central Kifah and Harithiya stock exchanges recorded a price of 152,450 Iraqi dinars against 100 US dollars.
As for the dollar exchange rates in banking shops and local markets, the selling price reached 153,500 dinars, while the purchasing price reached 151,500 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=242227
Al-Sudani discusses with members of the US Congress the end of the international coalition’s mission and the transition to bilateral relations
Time: 02/17/2024 Read: 1,664 times {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani discussed, with members of the US Congress, today, Saturday, the end of the international coalition’s mission in Iraq.
Al-Sudani’s media office stated in a statement received by {Al-Furat News} that “Prime Minister Muhammad Shia’ al-Sudani received four members of the US Congress, namely: Mike Turner, McKeirl, Joe Wilson, and Gerry Connolly, on the sidelines of his Excellency’s participation in the 2024 Munich Security Conference.”
The statement added, “During the meeting, bilateral relations between Iraq and the United States were discussed, and ways to enhance constructive cooperation, as well as a number of files and issues of common interest were reviewed.
The meeting also touched on the ongoing dialogue regarding ending the mission of the international coalition in Iraq, after the arrival of the security forces.” Iraq has reached an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq, the United States of America, and the rest of the coalition countries.”
The Prime Minister stressed, “the necessity of developing relations between the two countries at various levels and sectors, without limiting them to the security aspect only,” pointing to “the state of recovery that Iraq is going through, the reforms it is witnessing in various economic and financial sectors, and the progress of concluding integrated economic partnerships with countries in the region.”
“And the world, which will contribute to promoting development and achieving stability for the country.”
For their part, members of the US Congress indicated their “interest in the success of the Iraqi government in several aspects,” stressing “the importance of Iraq and its role in enhancing security and stability in the region.” LINK
Sudanese And The King Of Jordan Discuss Ways To Strengthen Economic Partnership And Integration In Various Sectors
Money and business Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani stressed today, Saturday, during his meeting with the King of the Hashemite Kingdom of Jordan, Abdullah II bin Al-Hussein, the necessity of working to stop the systematic killing in Gaza, while urging major countries and international organizations to make efforts and provide humanitarian aid.
The Prime Minister’s Media Office stated, in a statement received by Al-Iqtisad News, that “Al-Sudani met with the King of the Hashemite Kingdom of Jordan, Abdullah II bin Al-Hussein, on the sidelines of his participation in the Munich Security Conference 2024.”
The meeting witnessed “discussion of bilateral relations between the two countries, and ways to strengthen economic partnership and integration in various development sectors, for the benefit of the two brotherly peoples, and to enhance sustainable development opportunities,” according to the statement.
The developments in the situation in Gaza, the continuation of the aggression, and the exposure of the Palestinian people to the crime of genocide were also discussed, where Al-Sudani stressed “the necessity of working to stop the systematic killing, and urging major countries and international organizations to make efforts, provide humanitarian aid, and prevent the spread of conflict in the region.” Views 68 02/17/2024 – https://economy-news.net/content.php?id=40554
For The Second Week In A Row…Oil Prices Are Affected By Tensions In The Middle East And Are Rising
Money and business Economy News – follow up Oil prices rose at the close, after geopolitical tensions in the Middle East overshadowed the forecasts of the International Energy Agency, which warned of a slowdown in demand.
Brent crude futures rose 61 cents, or 0.74%, at settlement to $83.47 per barrel. US West Texas Intermediate crude futures also rose $1.16, or 1.49%, to $79.19 per barrel.
Prices rose for the second week in a row, as Brent rose by more than 1% by the end of the week, while US crude rose by about 3%, according to Reuters.
Prices received support due to the increasing risk of a broader conflict in the Middle East.
The Lebanese Hezbollah group said on Thursday that it had fired dozens of rockets at a town in northern Israel in an “initial response” to the killing of ten civilians in southern Lebanon, the largest number of civilians killed in one day during four months of cross-border hostilities.
Officials said that the largest hospital in Gaza is still operating under the Israeli siege during the war that Israel is waging with the Islamic Resistance Movement (Hamas), while warplanes bombed the city of Rafah, the last refuge for Palestinians in the Strip.
The threats continued in the Red Sea after a missile launched from Yemen hit an oil tanker heading to India.
Producer prices in the United States rose more than expected in January, which could exacerbate fears that inflation will rise again.
The International Energy Agency said on Thursday that the growth of global oil demand is slowing, and it reduced its forecast for growth in 2024.
Views 74 02/17/2024 – https://economy-news.net/content.php?id=40548
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Points To Ponder on Anxiety about the Future
To live your life in the fear of losing it is to lose the point of life. – Malcolm Forbes
It is not death we fear, but the thought of it. – Marcus Annaeus Seneca
It is not death or pain that is to be dreaded, but the fear of pain or death. – Epictetus
Death is not the enemy, living in constant fear of it is. – Norman Cousins
We must act in spite of fear … not because of it. – Anonymous
I have accepted fear as a part of life-specifically the fear of change. … I have gone ahead despite the pounding in the heart that says: turn back…. – Erica Jong
http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html