TNT “Tidbits From TNT” Saturday



CandyKisses:  Gold on the cusp of $2000


{Economic: Al-Furat News} Gold prices shone strongly during the past week, achieving significant gains as the global banking crisis prompted investors to acquire safe-haven bullion, while bets increased on the US Federal Reserve to calm the pace of its fight against inflation.


Spot gold prices rose about 3.6 percent in Friday’s session, posting a weekly gain of 6.5 percent at the level of $ 1989 an ounce.


The collapse of Silicon Valley in the United States highlighted the weakness of banks in the face of a sharp increase in interest rates, while the fall in shares of Credit Suisse exacerbated market turmoil.


Lukman Otunga, senior research analyst at FXTM, told Reuters: “The luster of gold usually appears in times of chaos, with investors taking a conservative approach.”


Tishwash:  Framework: The current parliamentary season will be full of important laws


The representative of the coordinating framework, Ali Jassim Al-Hamidawi, confirmed, on Saturday, that the current legislative term will be rich in terms of enacting important laws, indicating that there are important laws that will be passed during the upcoming sessions.


Al-Hamidawi said, in an interview with Al-Maalouma Agency, that “the current legislative season will be rich in terms of including important laws on the parliament’s agenda.”


He added that “the budget laws, social security, freedom of expression, information crimes, and the election law, in addition to service and economic laws, treaties and agreements serving the government.”


He pointed out that “the House of Representatives is continuing to legislate important and long-awaited laws, especially laws that concern the poor segment.”


A member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed in a previous interview with Al-Information Agency that Parliament, in all its committees, will focus on preparing the atmosphere for voting on the general budget law, as many state matters depend on it.   link




CandyKisses:  For the first time. Iraqi bank launches a qualitative financial leap in Saudi Arabia


{Economic: Al-Furat News} The National Bank of Iraq announced today, Saturday, the official commencement of its work in the Kingdom of Saudi Arabia, pointing out that this concession is happening for the first time in the financial history of Iraq, as it is a “financial leap” and the bank can provide its services and innovative solutions to the corporate sector in the Saudi market.


The National Bank of Iraq said in a statement received by {Al-Furat News} a copy of it, that it “participated in the second edition of the Financial Sector Conference, which began its work on March 15 and 16, at the King Abdulaziz International Convention Center in Riyadh.”


He pointed out that “the Governor of the Saudi Central Bank, Ayman bin Mohammed Al-Sayari, handed over the certificate of practicing banking business to the CEO of the National Bank of Iraq in the Kingdom of Saudi Arabia, Zaid bin Abdulaziz Abunayyan, in the presence of the Managing Director of the National Bank of Iraq, Ayman Abu Dheim, and the Deputy CEO of Capital Bank Group for International Expansion, Nadim Qabwat, in addition to decision-makers in the financial sector and senior executives in financial institutions locally, regionally and internationally.”


The statement quoted the Managing Director of the National Bank of Iraq, Ayman Abu Dheim, stressing “the importance of the presence of the National Bank of Iraq in this type of international regional conferences,” explaining that it “will allow the exchange of ideas, experiences and cooperation in all areas that will be discussed during the conference, in addition to communicating and linking with a group of representatives of leading banks in the region and the world, not to mention opening new horizons for the bank’s work by discussing potential commercial opportunities in the Saudi market.”


For his part, Zaid bin Abdulaziz Abunayyan, CEO of the National Bank of Iraq in Saudi Arabia, expressed his pleasure to participate in this conference, which is a regional and international platform that reflects the strength of the Kingdom’s economy in the region, where the bank had an opportunity to introduce its innovative banking services and solutions to thousands of participants with diverse experiences in various fields of the sector, representatives from leading banks, market specialists and investment pioneers from Asia, Europe and North America.


Abunayyan explained that “the Financial Sector Conference is a unique opportunity for the National Bank of Iraq to see closely the qualitative leaps achieved by the financial services sector in parallel with the continuous development in business and services in the Kingdom of Saudi Arabia, in addition to the possibility of exchanging views and experiences with representatives of leading banks participating in this conference.”




CandyKisses:  Al-Sudani: We intend to rebuild Iraq within a road map based on several stages


{Politician: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani stressed today, Saturday, the reconstruction of Iraq within a clearly defined vision and a drawn road map based on several stages


“These days, we have the 20th anniversary of the fall of the former dictatorial regime, which was the result of decades of repression, tyranny and mismanagement, and attempts to transgress and assault internally and externally,” Al-Sudani said in an article published in Al-Sharq Al-Awsat newspaper.


He added, “It is time to heal the wounds and move towards a prosperous future for a people who deserve all good,” pointing out that “our people are waiting for the renaissance, whose conditions are available in their country, and we have developed an integrated program to address the most urgent problems, so we moved from the first moment to remove obstacles.”


He continued: “From the first days, we took the initiative to pursue corruption and target its centers and tools wherever they are, and the first phase began to mobilize the state’s energies towards construction, economic reform and fighting poverty. The second stage is economic, human, military and security development.”


He pointed out: “We look forward to working and cooperating seriously with all friendly countries and international organizations to overcome common challenges,” noting that “Iraq opens its arms to every good relationship and partnership in security, economy or environment, and we urgently need to diversify sources of income, and not rely on oil revenues as the only source.”


“We have developed plans to encourage internal and external investments and the reconstruction and investment movement will need more trained manpower and build more capacity,” he noted.


He continued to say: “Iraq’s good relations with brotherly and friendly countries, paved the way for building bilateral and multilateral partnerships with many countries of the world, and we still have many of these relations.”