Iraqi News Highlights and Points to Ponder Friday 5-10-2024
Economist: The Fluctuation Of The Dollar Is “The Balance Of Speculators”
Time: 05/09/2024 Read: 2,834 times Economist: The fluctuation of the dollar is “the balance of speculators” Rklhgerlkg-1-61
{Economic: Al-Furat News} An economic expert attributed the continued fluctuation of the dollar’s exchange rates against the dinar in local markets to the “balance” of currency speculators in the parallel market.
Bassem Jamil Antoine told Al-Furat News Agency, “The main reason behind the fluctuation of the dollar exchange rates between rise and fall is due to speculators, as they own large quantities of dollars.”
He added, “If there had been a productive economic situation, the dollar exchange rates would have stabilized, so the financial need of the industry would be estimated and work accordingly.”
Antoine stated that “the actual stability of the economy will occur if the local production is activated and the economy is developed and stabilized, which means stability of exchange rates.” LINK
The Kurdistan Region Demands That The Federal Government Spend 1.1 Billion Dinars.. What Is The Reason?
The Kurdistan region witnesses demonstrations from time to time
Money and business Economy News – Baghdad The Ministry of Finance of the Kurdistan Regional Government sent the names of university lecturers to the Federal Ministry of Finance to pay their financial dues for three months.
The Ministry requested, in the letter issued on (May 7, 2024), the disbursement of “contract dues for lecturers” working in the Ministry of Higher Education and Scientific Research in the Kurdistan Region for the months of February, March, and April, because they were not included in the lists of salaries of permanent professors sent earlier.
The spokesman for the Ministry of Higher Education and Scientific Research in the Kurdistan Regional Government explained that “the number of lecturers is 1,982 from all public universities.”
According to the book, the total salaries of lecturers for the three months amount to one billion and 198 million dinars per month. Views 33 05/10/2024 – https://economy-news.net/content.php?id=43288
Iraq Has The Tenth Worst Economic Growth In The World During The Last 5 Years
Economy 05-10-2024 | 404 views Al-Sumaria News – Economy
Iraq ranked highly globally among the countries with the least economic growth during the last 5 years, while poor economic growth was concentrated in the countries of Africa and the Middle East due to Corona and then the conflicts that have existed so far.
And solveIraqIt is ranked 10th globally out of 190 countries around the world, as the tenth worst country in terms of economic growth during the years between 2020 and 2024. LINK
Iraq’s economic growth during these last five years reached negative 0.8, ranking tenth globally, and the third worst Arab economic growth afterSudanAnd Yemen.
And she cameSudanIt ranked first as the worst country in terms of economic growth between 2020 and 2024, reaching negative 5.6%.
On the contrary, Albania ranked last on the list of countries with poor economic growth, which makes it first in the world in terms of economic growth during 2020 to 2024, with a growth LINK
Budget Delay: The Cry For Help For Paralyzed Services And Disrupted Dreams
May 9, 2024 Baghdad/Al-Masala Al-Hadath: In light of the delay in approving the federal state budget for 2024, Iraq faces major challenges in the field of public services and infrastructure.
The size of the proposed budget is about 228 trillion dinars, and includes more than 1,300 development and service projects.
According to Iraqi law, the budget must be approved three months before the end of the fiscal year. It is expected that the budget items will be voted on in the Council of Ministers soon, and then they will be sent to Parliament for study and a final vote.
In June 2023, the Iraqi Parliament voted on the federal budget law for the years 2023, 2024, and 2025, which is a historic step for the country. However, the budget faces delays due to disagreements regarding the value of projects and the level of investment spending, and also due to disagreements in the allocations of ministries and governorate budgets that are not linked to the region.
The Finance Committee in the Iraqi Parliament holds the government responsible for the delay in sending the budget to the Council for study and final vote, as the committee needs to know the details of the financial disbursement and the laws that have been added to the budget.
The continuing delays in approving the budget raise fears of irrational spending and corruption in upcoming projects, as some reports indicate that there are parties aiming to benefit from the huge funds through the ministries under their control or through front projects.
Reliable sources indicate that some Iraqi parties are enthusiastic about approving the budget for the current year 2024. This enthusiasm is due to obtaining funding, as some parties control important government ministries, and approving the budget means ensuring the continued flow of funds to these ministries, allowing them to implement projects and programs that serve their interests and bases. Electoral.
Major budget projects, such as infrastructure projects, are used as a tool to distribute benefits to contractors and companies linked to some parties, which contributes to enhancing their influence and influence.
Iraq faces serious challenges in the field of development and improving infrastructure, and delaying the approval of the budget reinforces these challenges and hinders the country’s progress towards sustainable development and the well-being of citizens.
The Iraqi government and parliament must work quickly and adopt appropriate decisions to complete the budget and implement projects. Reuters: Delaying the Iraqi budget hinders the implementation of projects and opens the door to corruption. https://almasalah.com/archives/90467
JP Morgan Forecasts An Increase In The Oil Capacity Of Iraq And Other Countries In 2025
2024-05-09 Shafaq News/ JP Morgan believes that there are three main countries in the oil alliance that deserve to upgrade their supplies for the year 2025.
Natasha Caneva, an analyst at JP Morgan, said in a recent report that the United Arab Emirates, Kazakhstan and Iraq intend to increase their total capacity by more than 300,000 barrels per day starting next year, but the planned expansions may represent risks to the cohesion of the alliance and oil prices in general. .
Caneva said: “The main issue for OPEC lies in 2025. Even if the alliance keeps supply restrictions as they are this year, it “does not address the imbalances in 2025.”
The price of Brent crude is expected to remain in the range of $75-90 per barrel in most scenarios, with average prices reaching $82 per barrel in 2025, according to Goldman Sachs. LINK
Points To Ponder on Character :
A person’s reputation is a mixture of what his friends, enemies, and relatives say behind his back. – Anonymous
Always do right. This will gratify some people, and astonish the rest. – Mark Twain
He’s an honest man – you could shoot craps with him over the telephone. – Earl Wilson
The man whose conscience never troubles him must have it pretty well trained. – Anonymous
Conscience is a treacherous thing, and mine behaves badly whenever there is a serious danger of being found out. – Margaret Lane
Too often when conscience tries to speak, the line seems to be busy. – Anonymous
http://famousquotesandauthors.com/topics/character_quotes.html
