Iraq Economic News and Points To Ponder Thursday Afternoon 6-20-24
An Invitation Is Sent To The Sudanese… Parliamentary Energy Explains The Reasons For The Collapse In Electricity Supply
Energy Economy News – Baghdad Member of the Parliamentary Energy and Electricity Committee, Kamel Al-Ugaili, on Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity from a lower position, while holding production, distribution and maintenance companies responsible for the collapse in electricity supply in Baghdad and a number of provinces.
Al-Ugaili said in an interview followed by Al-Iqtisad News, “Poor planning and management and the selection of incompetent figures to manage production, distribution and maintenance companies are behind the decline in electricity processing hours.”
He added, “The electricity problem has become noticeably recurring, so we call on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity personally and from a lower position, while making changes for officials who are negligent in performing their work.”
He pointed out that “poor planning and bad management are one of the reasons for the collapse of the electricity system in Baghdad and a number of governorates,” pointing out that the capital, Baghdad, has been witnessing for days a sharp decline in energy supply. https://economy-news.net/content.php?id=44425
Oil Prices Varied During Early Trading
Thursday 20, June 2024 11:12 | Economical Number of readings: 331 Baghdad / NINA / Oil prices rose in Brent crude futures in early trading, today, Thursday, while US crude futures fell due to the possibility of rising oil inventories in the United States.
Brent crude futures for August delivery recorded an increase of eight cents, reachi ing $85.15 a barrel, while US West Texas Intermediate crude for June delivery fell by 27 cents, reaching $81.30 a barrel.
Figures from the Petroleum Institute were The American newspaper showed that US crude inventories rose by 2.264 million barrels in the week ending June 14, while gasoline inventories decreased./
https://ninanews.com/Website/News/Details?key=1133253
Al-Sudani Congratulates Iraq For Ranking First In The Arab World And Seventh In The World In The Times Sustainable Development Rankings
Thursday 20, June 2024 19:23 | Political Number of readings: 244
Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani blessed Iraq’s ranking first in the Arab world and seventh in the world in the Times Sustainable Development Rankings.
Al-Sudani said in a blog post on the X website: We congratulate Iraq for ranking first in the Arab world and seventh in the world in the Times Sustainable Development Classification, in terms of the number of universities participating in the 2024 edition, which witnessed the competition of 2,152 universities from 125 countries.
He added: What has been achieved confirms the success of the government’s vision and its supportive approach to achieving comprehensive quality in higher education, openness to advanced educational systems in the world’s universities, and developing the level of performance in line with the goals of sustainable development. https://ninanews.com/Website/News/Details?Key=1133325
Economic Determination Of “Bubble” Real Estate Prices In Baghdad.. What About Selling A Square Meter For “26 Thousand Dollars”?
Money and business Economy News – Baghdad Today, Thursday, economic expert Mustafa Hantoush identified the “bubble” real estate prices in the capital, Baghdad, and while he confirmed that some real estate properties are “clear money laundering” operations, he touched on the sale of some real estate for 26 thousand dollars.
Hantoush said in an interview with Al-Iqtisad News, “Some real estate in some areas of the capital, Baghdad, are clear money laundering operations, that is, an attempt to buy real estate for any amount, after it was stolen from the state,” stressing that “The Central Bank of Iraq confirmed that 500 million dinars “It will be a real estate buying and selling event.”
He added, “The bubble prices of real estate in upscale areas, and in light of money laundering, I believe that their prices reach between 12 and 16 thousand dollars. As for the price of 26 thousand dollars, perhaps it refers to commercial real estate or those that are located in commercial streets,” ruling out “the existence of real estate in The capital, Baghdad, reaches this large amount.”
Earlier, the Parliamentary Integrity Committee confirmed that the price per meter in Mansour and Karrada rose to 26 thousand dollars. 06/20/2024 – https://economy-news.net/content.php?id=44434
Provoking Thoughts and Points To Ponder On Adversity:
The fiery trials through which we pass will light us down in honor or dishonor to the last generation. – Abraham Lincoln
Our trials are tests; our sorrows pave the way for a fuller life when we have earned it. – Jerome P. Fleishman
Times of general calamity and confusion have ever been productive of the greatest minds. The purist ore is produced from the hottest furnace, and the brightest thunderbolt is elicited from the darkest storms. – Charles Caleb Colton
The habits of a vigorous mind are formed in contending with difficulties. – Abigail Adams
A diamond is a chunk of coal that made good under pressure. – Anonymous
A clay pot sitting in the sun will always be a clay pot. It has to go through the white heat of the furnace to become porcelain. – Mildred W. Struven
It is the surmounting of difficulties that makes heroes. – Kossuth
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