Clare: Iraq tops the list of Arab countries with economic growth for 2022
2022-10-12
Iraq is heading towards achieving the highest economic growth rate among the Arab countries for the year 2022 by 9.3%, half a percentage point higher than April’s expectations, taking advantage of the rise in oil prices.
This came according to a report issued by the International Monetary Fund for the month of October, which was reviewed by Shafak News Agency, and it was titled “Global Economic Prospects”.
According to the fund’s report, it estimates the average price of a barrel of oil at $98 this year, to drop to $85.5 next year 2023.
The report indicated that Kuwait comes in second place with growth this year, which will reach 8.7%, followed by Saudi Arabia third with 7.6% growth, then Egypt comes fourth with 6.6% growth, then the UAE 5.1%, Algeria 4.7%, Oman 4.4%, Palestine 4% and each of Qatar and Bahrain with a growth of 3.4%.
The report expected that Jordan would reach 2.4%, then Tunisia 2.2%, then Yemen 2%, and Morocco 0.8%, while growth in Sudan would decline by 0.3%. LINK
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Margarita: So help me out family. Isnt anyone concerned about the 84 trillion dinars printed in circulation? How can it reinstate to anything? Can someone with more brains than my scarecrow self explain it? Thank you in advance.
OlLar: IMO the money in circulation is not necessarily what’s outside of the CBI or banks , until it has been marked for destruction it is still considered in circulation. 10 years ago they had a number of notes in circulation and stated they wanted to get to another number, about 5 years ago they had gotten 75% of the way there, so I am sure they are ready.
Margarita: Thanks for chiming in. Are you saying 75% of the dinar has been destroyed? Because the article last week from the CBI said there was 84 trillion printed.
OlLar: Yes around 9 years ago the cbi stated they were at 9 billion notes representing x amount of dinar, then about 5 years ago they said they were at 4 billion and wanted to get to 1 or 2 billion notes i can’t quite remember so they, i assume, are at their target count. We will never know the real numbers, central banks guard this information very closely. IMO
DoTalkToMe: I played kick the can down the road as a kid. Good times. The games kids play. Eventually you grow up and don’t play that game anymore. Waiting for Iraq to grow up.
Cashflow: Can some one enlighten me on if they vote on a president in tomorrow, what will be the next step to seating the government?
Clare: THE KURDS CHOOSE THE PRESIDENT, WS & FRANK HAVE TOLD US THAT…. (IT IS ALWAYS THAT WAY)….. AND THEN THE PRES. NOMINATES THE PM WHO GETS THE VOTE OF CONFIDENCE … IMO LET’S SEE WHAT HAPPENS TOMORROW!
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Clare: I am proud to introduce H.R. 9157, the “Gold Standard Restoration Act.”
The gold standard would protect against Washington’s irresponsible spending habits and the creation of money out of thin air. Prices would be shaped by economics rather than the instincts of bureaucrats.
— Rep. Alex Mooney (@RepAlexMooney) October 11, 2022
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Clare: Iraq participates in an economic conference to discuss investment in three main sectors
October 12, 2022
Baghdad – conscious – Mustafa Al-Hashemi
Next month, Iraq will participate in an economic conference to be held in Dubai (the annual fall conference) organized by the Iraqi-British Business Council, whose activities will start on November 10 and will last for two days.
The Governor of the Central Bank, Mustafa Ghaleb Mokhif, is scheduled to participate, along with the Second Vice President of the National Oil Company Laith Shaher, the Director General of the Trade Bank of Iraq TBI Salem Chalabi, and Baroness Emma Nicholson, President of the Iraq British Business Council in this event to discuss investment and commercial opportunities, especially in Basra Governorate. , as well as environmental, agricultural, food distribution and processing issues.
The participating delegation will discuss with Emirati and British officials and businessmen the main offers submitted by the International Monetary Fund.
There will be sessions on finance, oil and gas and energy transmission, as well as industry, trade, private sector promotion and technology. LINK
Billuke: They can’t go there on a program rate.
