TNT:
CandyKisses: Goldman Sachs: Oil will reach $100 a barrel in April 2024
Economy News – Baghdad
Goldman Sachs revised its forecast for oil prices released yesterday and said that prices will reach $ 100 per barrel from December next year, to say today that oil will reach this price in April 2024.
The bank predicted “a rise in OPEC’s pricing power, which is the ability to raise prices without significantly harming demand, as a key economic driver,” and estimates that the production cut will raise OPEC+ revenues because the price increase offsets the decline in supply volumes.
Nine countries from the OPEC+ alliance announced on Sunday a voluntary cut in oil production by 9.1 million barrels per day until the end of this year, bringing the total cuts announced by the alliance to 16.3 million barrels per day, which helped raise prices to move around $ 66 a barrel
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Tishwash: A delegation from the World Bank is discussing with Al-Alaq in Baghdad the reform of the Iraqi banking sector
A delegation from the World Bank discussed, on Tuesday, with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, reforming the Iraqi banking sector.
A statement by the Central Bank of Iraq, received by Shafaq News agency, stated, “Al-Alaq received the representative of the World Bank, who is in charge of preparing a project to assess the financial sector in Iraq, Sayed Mahdi Hassan, and his accompanying delegation.”
During the meeting, according to the statement, “a summary of the report of the financial reform program in Iraq was presented, the strengthening of bilateral cooperation, and the reform of the Iraqi banking sector, especially the government, which represents 80% of the banking sector as a whole, was presented, as well as the adoption of institutional governance and the organization of the structure of banking institutions
And the two parties discussed opportunities Developing information technology in the government banking sector and using comprehensive banking systems in Al-Rasheed and Al-Rafidian Banks. link
