Iraq Economic News and Points to Ponder Saturday Afternoon 2-24-24
Tlm724 Administrator Bondlady’s Corner
The National Security Advisor Reveals A Political Consensus That Iraq Should Be Free Of Foreign Forces
Saturday 24, February 2024 | a wish Number of readings: 375 Baghdad / NINA / National Security Advisor Qasim Al-Araji revealed a political consensus that Iraq should be free of foreign forces.
Al-Araji said during the sixth Baghdad Dialogue Conference, which was titled (Regional Communication… The Centrality of Iraq), “Our security forces have developed greatly and gained great experience in dealing with the challenges of terrorism, and the Iraqi government does not deny the gratitude of the countries that helped it confront terrorism, and NATO is still present in Iraq and is advisory and not A combat force.”
Al-Araji stated: “The Iraqi government is waiting for the results of the committees to evaluate the situation in Iraq and the status of the international coalition, and it is an internal issue determined by the Iraqi need,” stressing that “the coalition forces are not an alternative to the security forces, and they came in a certain circumstance, and today there is no need for their presence.” The government is the first concerned with the decision to end the coalition’s tasks.”
Al-Araji continued, “We have competent officers among the committees that work to evaluate the status of the international coalition.”
He stressed: “Building confidence internally, regionally, and internationally is important, and the political system has regained the confidence of the Iraqis, and Iraq does not interfere in the affairs of others, and in the same way Time asks others not to interfere in its affairs, and everyone must support the government in its speech, and there must be solidarity work among everyone, and our efforts are focused on supporting the government.” Al-
Araji pointed out: “Iraq has signed 20 security memorandums of understanding with countries during the years 2022 and 2023, from “For the sake of cooperation and exchange of experiences, the political system after 2003 was preoccupied with security issues and challenges that prevented it from performing its duties.”
He stated, “Drugs are the greatest threat, not ISIS. What is said about the numbers of ISIS in Iraq is exaggerated, and the political system after 2003 inherited a heavy reality represented by the presence of armed groups on its lands.”
He said, “In 2023, we concluded a security agreement with the Iranian side, and positive results were achieved within months for problems that have persisted for many years. We have a second round of meetings with Turkey, to address the situation of the Kurdistan Workers’ Party, and the Prime Minister directed to expedite the treatment of this important file,” noting that “the camp The Syrian terror is a time bomb, and Iraq returned 1,924 Iraqi families from this camp, including 7,556 Iraqi citizens, including 1,200 Iraqi families who returned to their original areas, and we have no social problems in this regard.”
Al-Araji called on the international community to continue withdrawing nationals from this camp, and so far only 24 countries have responded and returned their nationals out of 60 countries./ End 7
https://ninanews.com/Website/News/Details?Key=1109469
The Dollar Declines In Local Markets
Economy | 10:41 – 02/24/2024 Mawazine News – Baghdad Today, Saturday, the exchange rates of the dollar against the dinar recorded a slight decline in the Baghdad Stock Exchange and the rest of the governorates,
and the dollar exchange rates decreased in the capital, Baghdad, to record 151,900 Iraqi dinars for 100 dollars. Below are the dollar exchange rates in the rest of the governorates:
$100 = 152,150 Basra $100 = 151,750 Erbil $100 = 152,000 Kirkuk $100 = 151,800 Sulaymaniyah $100 = 151,800 Dohuk $100 = 152,150 Najaf $100 = 151,800 Mosul
https://www.mawazin.net/Details.aspx?jimare=242640
Iraqi Expectations That The World Population Will Rise To 9.5 Billion People.. What About Oil Production?
Economy News – Baghdad The Iraqi Oil Minister, Hayan Abdul Ghani, expected today, Saturday, that the world population will rise to 9.5 billion people in the middle of the current century, indicating that this will increase OPEC’s oil production ceiling to 116 million barrels per day.
Oil Minister Hayan Abdul Ghani said, in his speech during the “Sixth Baghdad Dialogue Conference” held in the capital, and attended by the “Al-Iqtisad News” correspondent, that “the state budget depends mainly on oil imports, and there is a great responsibility that falls on the Ministry to provide the main source to sustain Iraqi state budget.
He added, “The ministry has developed an ambitious plan to increase production, but we are major parts of OPEC and one of its founders, so we are committed to production ceilings.”
Abdul Ghani continued, “Iraq’s production, according to its OPEC quota, amounts to 4 million (barrels per day), and this comes to maintain the stability of global market prices and achieve a balance between supply and demand.”
He stated that “studies indicate that during the middle of this century, crude oil production from OPEC will increase by 16%, as the organization now produces 100 million barrels, and the ceiling will rise to 116 million barrels per day,” explaining that “the need comes within the framework of growth.” The world population will rise from 8 billion to 9.5 billion people, with an increase of one and a half billion people.” 70 views 02/24/2024 – https://economy-news.net/content.php?id=40815
Oil Prices Record Weekly Losses As Hopes For A Rate Cut Diminish
Saturday 24, February 2024 | Economical Number of readings: 418 Baghdad / NINA / Oil prices fell by approximately 3% at the end of the evening settlement yesterday, Friday, and it was recorded that the reduction in interest rates may be postponed for at least another two months.
Brent crude futures fell $2.05, 2.5%, to $81.62 per barrel upon settlement, and US West Texas Intermediate crude futures fell $2.12, 2.7%, to $76.49.
Brent fell 2% during the week, while US crude fell more than 3%. But indicators of good demand for fuel and concerns about supplies may lead to a recovery in prices in the coming days, according to Reuters.
Christopher Waller, a member of the US Central Bank’s Board of Governors, said on Thursday that the central bank’s decision-makers must postpone interest rate cuts for at least another two months, which may lead to a slowdown in economic growth and curb demand for oil./
https://ninanews.com/Website/News/Details?key=1109416
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Provoking Points To Ponder From- QUOTES BY KAHLIL GIBRAN
Work is love made visible. And if you cannot work with love but only with distaste, it is better that you should leave your work and sit at the gate of the temple and take alms of those who work with joy.
Yes, there is a Nirvanah; it is in leading your sheep to a green pasture, and in putting your child to sleep, and in writing the last line of your poem.
You give but little when you give of your possessions. It is when you give of yourself that you truly give.
Friendship is always a sweet responsibility, never an opportunity.
Doubt is a pain too lonely to know that faith is his twin brother.
You pray in your distress and in your need; would that you might also pray in the fullness of your joy and in your days of abundance.
The obvious is that which is never seen until someone expresses it simply.
Your daily life is your temple and your religion.
The biggest thing in today’s sorrow is the memory of yesterday’s joy
We choose our joys and sorrows long before we experience them.
Reason, ruling alone, is a force confining; and passion, unattended, is a flame that burns to its own destruction.
Much of your pain is the bitter potion by which the physician within you heals your sick self.
Your pain is the breaking of the shell that encloses your understanding
Ever has it been that love knows not its own depth until the hour of separation.
Life without love is like a tree without blossom and fruit.
The chemist who can extract from his heart’s elements compassion, respect, longing, patience, regret, surprise, and forgiveness and compound them into one can create that atom which is called love.
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