TNT:
CandyKisses: The Gulf Chambers Union organizes the Gulf-Iraqi Business Forum this September
{Economic: Euphrates News} The Federation of Chambers of the Gulf Cooperation Council is organized on September 26.
The Gulf-Iraqi Business Forum is held under the title “Partnership for a Promising Economic Future”, hosted by the Sharjah Chamber of Commerce and Industry, with the great participation of Gulf and Iraqi officials and businessmen from the Gulf Cooperation Council countries and beyond.
The two-day forum will address a number of working sessions, most notably food security, agriculture and cooperation in the fields of financial, banking and investment services, productive energy, electricity, water, infrastructure, housing, health care sector, youth development, higher education and vocational training.
It is noteworthy that the forum is held in cooperation with the Federation of Emirates Chambers, the Federation of Iraqi Chambers of Commerce and the Sharjah Chamber of Commerce and Industry and with the support of the General Secretariat of the Cooperation Council.
Tishwash: Right out of a movie
The arrest of an Iraqi female traveler in possession of thumb prints for withdrawing money from cards
Today, Tuesday (September 5, 2023), the Border Ports Authority announced the arrest of an Iraqi female traveler at Al-Qaim port, in possession of the thumbprints of several people, for the purpose of withdrawing money from (Master and Qi Card) cards.
A statement of the authority received by “Baghdad Today” stated, “As part of the qualitative control operations carried out by the Border Crossings Authority through the exercise of its oversight role, the Al-Qaim Border Crossing Directorate managed to arrest an Iraqi female traveler and seized her possession, through manual inspection, 9 thumbprints and 3 Master and Key Cards.” “.
He pointed out that the seizures were “for the purpose of withdrawing money from the cards without the presence of the owner in a fraudulent manner through the use of fake fingerprints.”
The statement pointed out that, “a joint committee was formed and the accused and the criminal evidence were referred to the existing Kamrak police station to take legal measures against her.” Link
CandyKisses: Iraq maintains its 30th position in the world with the largest gold reserves
Shafaq News / The World Gold Council revealed on Wednesday that Iraq maintained its 30th rank in the world with the largest reserves of the yellow metal.
The latest schedule of the Council for the month of September 2023, seen by Shafaq News Agency, showed that Iraq maintained its ranking 30th globally out of 100 countries listed in the table with the largest gold reserves, despite buying 2.3 tons of gold in May, bringing its possession of gold to 132.6 tons, representing 7.6% of the rest of its other reserves.
He added that Iraq ranked fourth in the Arab world with the largest gold reserves after Saudi Arabia 323.1 tons, Lebanon 286.8 tons, Algeria 173.6 tons, and Egypt came in fifth place 125.9 tons.
He pointed out that the most central banks buying gold during the second quarter of 2023 were Poland, where they bought 48.41 tons, followed by China by 45.10 tons, followed by the Czech Republic by 6.06 tons and then Russia by 3.11 tons, while the most central banks of the countries selling gold during this period were for Turkey with 132.23 tons, followed by Tunisia with 18.50 tons and then Uzbekistan with 4.04 tons.
Globally, according to the table, the United States of America still leads the rest of the countries with the largest possession of gold in the world by 8.133 thousand tons, followed by Germany with 3.352 thousand tons, then Italy came with 2.451 thousand tons, while Suriname ranked 100th and 1.5 tons, followed by Bosnia and Herzegovina with the same amount by 1.5 tons.
Financial expert Mohammed al-Hasani said that “all countries, including Iraq, are trying to diversify their basket of currencies and gold to be an investment portfolio to reduce risks and sudden fluctuations that may occur as a result of crises or currency devaluation, as it is a kind of hedging and gives monetary stability to the state.”
He added that “countries do not rely on gold significantly in their investment portfolio, because it is a heavy commodity not like the rest of the currencies that are sold and bought quickly, so we see that some rich countries have gold, but they are almost reserves of gold fixed do not sell and buy continuously such as America, Germany and the United Kingdom.”
************
CandyKisses: Saudi decision to raise oil prices to $90
Shafaq News / Saudi Arabia announced on Tuesday that it will extend its voluntary reduction of oil production of 1 million barrels per day (bpd) for another three months until the end of December 2023.
According to the official Saudi Press Agency, the decision to voluntarily reduce will be reviewed monthly to consider increasing the reduction or enhancing production.
Once the decision to extend the cut was announced, Brent crude surpassed $90 a barrel for the first time since November 2022.
Russia also kept reducing its oil exports by 300,000 barrels per day until the end of 2023, the Russian deputy prime minister announced, in parallel with the Saudi announcement.
Alexander Novak on Telegram’s account told the Russian government that “Russia will extend the voluntary cut. for oil shipments to global markets at a rate of 300,000 barrels per day until the end of December 2023.”
