Iraq Economic News and Points to Ponder Friday Evening 12-29-23
Tlm724 Administrator Bondlady’s Corner
Trade: One Thousand Companies From 21 Countries Will Participate In The Baghdad International Fair
Baghdad International Fair Building Money and business Economy News – Baghdad The Ministry of Commerce announced, on Friday, the completion of all preparations for the opening of the 47th session of the Baghdad International Fair, while noting that the number of participants reached 21 countries and 1,000 companies.
The Ministry’s spokesman, Muthanna Jabbar, said in a statement reported by the official news agency, “The Iraqi General Exhibitions Company has completed all preparations for the opening of the 47th session of the Baghdad International Fair, both at the level of exhibition spaces and the completion of designs and posters, to display goods and commodities for participating companies, as well as for the pavilions.” It will be according to the participating countries.”
Jabbar added, “There are aesthetic measures, such as paying attention to green spaces and open spaces, in addition to creating new health facilities, musical fountains, and interactive lighting,” stressing that “all procedures, preparations, and ceremonies have been completed to receive participants and visitors.”
He pointed out that “the number of participating countries reached 21 countries, while the number of participating companies is approximately 1,000 companies,” considering it “a qualitative leap, when compared to the exhibitions that were held during the past years.”
He stated, “The opening will be in the evening, and will witness multiple activities for visitors and visitors.”
The Ministry of Commerce announced earlier the launch date of the 47th Baghdad International Fair, which will be for the period from 10-19/1/2024 on the grounds of the Baghdad International Fair.
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A plan to use electronic payment in all government institutions in early 2024
Economy | 07:07 – 12/28/2023 Mawazine News – Baghdad The government media team confirmed today, Thursday, a trend to use the electronic payment process in all government institutions without exception early next year 2024, while issuing a warning to holders of electronic payment cards.
Lieutenant General Haider Majeed said, “Two days ago, the General Secretariat of the Council of Ministers issued circulars to official authorities, citizens, and employees who hold Qi, Master, and Visa cards (cards used in the electronic payment process), stressing the necessity and importance of being careful not to trade them or shop with them from anyone.” Unknown and unreliable sites or stores, and also do not hand over these cards to unknown persons or hand over their secret numbers in order to protect their money.”
Majeed added, “There is a government trend, early next year, 2024, towards using the electronic payment process in all government institutions without exception, in accordance with the decisions of the Council of Ministers issued and the directives of Prime Minister Muhammad Shiaa Al-Sudani.”
He stressed, “The main relevant authorities in the Ministry of Finance and the Central Bank, as well as banks, are working to urge citizens and institutions to automate the electronic payment process in coordination with officially approved electronic payment companies so that it will be a new cultural phenomenon used for the first time in Iraq in years.” https://www.mawazin.net/Details.aspx?jimare=239670
Oil Ends The Year With The Largest Annual Decline Since 2020
Time: 12/29/2023 08:38:20 Read: 1,456 times {Economic: Al-Furat News} Oil is heading towards its largest annual decline since 2020, with the war and OPEC+ production cuts failing to raise prices, and traders worry that global crude supplies may still outpace demand in the coming quarters.
Brent crude oil has consolidated above $77 per barrel, and is on track to incur weekly, monthly and quarterly losses, while West Texas Intermediate crude oil is trading near $72 per barrel.
Brent has fallen by about 10% this year, while the US index has fallen by approximately the same amount. The broader Bloomberg Commodity Index fell by a similar margin.
Crude oil is wrapping up a turbulent year, with prices affected by the outbreak of war between Israel and Hamas, as well as speculation that the Federal Reserve is done raising interest rates as inflation declines. However, despite repeated supply cuts from the Organization of the Petroleum Exporting Countries and its allies, rising production from non-OPEC countries, coupled with concerns about slowing demand growth, combined to push crude oil futures lower. LINK
Provoking Points To Ponder on Forgiveness:
How we remember, what we remember, and why we remember form the most personal map of our individuality. – Christina Baldwin
Reconciliation is more beautiful than victory. – Violeta Barrios de Chamorro
The stupid neither forgive nor forget; the naive forgive and forget; the wise forgive, but do not forget. – Thomas Szasz
Forgetting is the cost of living cheerfully. – Zoe Akins
Forgiveness is the key to action and freedom. – Hannah Arendt
“I can forgive, but I cannot forget” is only another way of saying, “I will not forgive.” Forgiveness ought to be like a canceled note-torn in two and burned up so that it never can be shown against one. – Henry Ward Beecher
Life appears to me too short to be spent in nursing animosity or registering wrong. – Charlotte Bronte
Anger repressed can poison a relationship as surely as the crudest words. – Dr. Joyce Brothers
Forgiveness means letting go of the past. – Gerald Jampolsky
I know now that patriotism is not enough; I must have no hatred and bitterness toward anyone. – Edith Cavell
Stretch out your hand! Let no human soul wait for a benediction. – Marie Corelli
Nobody ever forgets where he buried a hatchet. – Kin Hubbard
Anger as soon as fed is dead, ’tis starving makes it fat. – Emily Dickinson
Once a woman has forgiven a man, she must not reheat his sins for breakfast. – Marlene Dietrich
There’s no point in burying a hatchet if you’re going to put up a marker on the site. – Sydney J. Harris
As long as you don’t forgive, who and whatever it is will occupy a rent-free space in your mind. – Isabelle Holland
Famous Quotes and Authors, Famous Quotations for all Occasions–
