KTFA
Samson: Trade Bank of Iraq
16th June, 2022
Our bank participated in the GTX-i 4th conference and International Information Technology Expo and Conference attended by a number of governmental, private sector and technology specialists in order to bring technological advancements, exchange experiences, introduction of new technologies and presentation of products and services. LINK
Samson: Oil prices are expected to reach $150 a barrel soon
17th June, 2022
Commodities could generate impressive returns amid tight supplies and low inventories, according to JPMorgan’s mid-year forecasts report.
Total returns could reach 10% by the end of the summer in the northern hemisphere and 5% by the end of 2022, and volatility will also remain high, the report said.
Oil could touch $150 a barrel in the short term, while corn could reach $13 a bushel – an all-time high.
Analysts, including Natasha Kaneva, explained in the report, “The lack of buffer stocks makes the market vulnerable to unplanned supply disruptions, such as the escalation of protests in Libya, the deteriorating conditions of American crops, and the active hurricane season in the Atlantic Ocean that may lead to the closure of refineries in the Gulf of Mexico.”
The report stated that due to the circumstances, “the entire orientation remains towards buying.” The volatility of the Bloomberg Commodity Index has more than doubled since before the pandemic. LINK
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Samson: Putin announces the end of the “unipolar era”: America considered itself the messenger of God on Earth
17th June, 2022
Russian President Vladimir Putin said on Friday that “the era of unipolarity” has ended, while considering that the European Union has completely lost its sovereignty.
His statements came during his participation in the plenary session of the 25th Petersburg International Economic Forum SPIEF 2022. Putin added, “The United States considered itself the messenger of God on Earth when declaring victory in the Cold War.”
He continued, “We have to be independent, we are strong and we can face any challenge,” explaining that “Russia got rid of the inflationary wave and its financial system is stable.” He noted that “the United States used to be a major supplier of food, and is now a net importer. It prints money and buys food all over the world.”
And he indicated that “the direct losses of the European Union from imposing sanctions against Russia have so far amounted to 400 billion dollars.” LINK
