News — Dinar Recaps Blog Page — Dinar Recaps (2024)

Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24

Good Morning Dinar Recaps,

Nervous about the market? Here’s one thing you could do if shares start sinking fast

Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming. I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected]January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target.

~~~~~~~~~

Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. |Risk Net

~~~~~~~~~

OPEC sees no peak oil demand long term, secretary general says |Gulf Business

~~~~~~~~~

~~~~~~~~~

Guaranteed basic income programs spread across the country: Is it coming to your city? |Fox News

~~~~~~~~~

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

Swift bids to connect VoP schemes across Europe FinExtra

~~~~~~~~~

Polls will be posted in theGoldilocks' Q & A ClassroomLink

~~~~~~~~~

Goldilocks'Daily Breakdown PodcastLink

Goldilocks'Telegram Room

Goldilocks' Q & A ClassroomLink

Follow Goldilocks'Roadmap

Follow Goldilocks'Timeline

Goldilocks on theSeeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

Iraq News Highlights and Points To Ponder Wednesday AM 6-19-24

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace And We Have Invested About Two Billion Dollars

Money and business Economy News _ Baghdad The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir said in an interview with the Iraqi News Agency, followed by “Al-Iqtisad News,” that “the work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest nearly two billion dollars in a wide range of sectors,” indicating that “our work in Iraq will extend out of our belief in future prospects.”

"For Iraq, the pace of economic reform will accelerate, and this will reflect positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sector."

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services.

Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq in addition to providing consulting services".

Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.

” For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.” Views 172 06/18/2024 - https://economy-news.net/content.php?id=44398

Al-Sudani: Iraq Is On The Right Path

Political | 07:21 - 06/18/2024 Al-Sudani: Iraq is on the right path 161862024_IMG_9871

Baghdad - Mawazine News Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed the government’s support for all arts, while indicating that Iraq is on the right path.

This came during Al-Sudani’s reception this afternoon with a group of Iraqi plastic artists and sculptors on the occasion of Eid Al-Adha, according to a statement received by Mawazine News Agency.

Al-Sudani offered congratulations to those present on the occasion of the blessed Eid, stressing that art has historically flourished in Iraq since ancient civilizations, and the cultural connection of plastic art has not been cut off in subsequent eras, which was embodied in the important drawings left by the Iraqi artist.

He explained that Iraqi plastic art is an Arab pioneer, and this size and artistic cultural weight makes the task of plastic artists and sculptors double. Because they are the heirs of all the creators of civilizations in this land, pointing to the necessity of establishing a museum for Iraqi plastic art in Baghdad.

He also stressed that Iraq went through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them.

He pointed to the government’s interest in culture and arts in general, and allocated for the first time more than 13 billion for various types of arts, stressing the importance of holding conferences and cultural activities, due to the cultural sector’s need for them and in order to introduce the reality of Iraq, and the government will take care of them, and His Excellency stated that, at the request of the university president Arabic: The Iraqi pavilion at the Arab League was awarded 15 paintings by Iraqi artists.

The Prime Minister explained, “Iraq is on the right path at all levels, and the national service government has a clear image based on a thoughtful government program that represents an essential step for building confidence between the political system and the people.”

Al-Sudani confirmed, during the meeting, his approval of a set of proposals presented by the delegation of plastic artists. And artists, concerned with the interest in fine art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them. https://www.mawazin.net/Details.aspx?jimare=249907

The Sudanese Advisor Reassures: Iraq Is Safe From Any Financial Risks

Economy | 07:23 - 06/17/2024 Baghdad - Mawazine News Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.

Saleh said, “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” indicating that “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq, which It is considered one of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”

He added, "Managing cash liquidity, building the monetary foundation, and controlling liquidity levels in the country are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows."

He stated that "Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that "Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism."

He stated that "Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations." https://www.mawazin.net/Details.aspx?jimare=249866

Accumulated Since 2011.. Basra Sends An Invitation To Baghdad Regarding 45 Trillion Dinars It Owes

Baghdad today – Basra Today, Tuesday (June 18, 2024), the head of the Services Committee in the Basra Governorate Council, Imad Al-Mutawri, revealed that there are large sums of money owed by the federal government to Basra Governorate, indicating that for 13 years after 2011, the Ministry of Finance was late in disbursing the full allocations to the governorate.

Al-Mutawri told “Baghdad Today” that “Basra has ambitious service plans, and although the funds allocated to it in the 2024 budget do not match the size of the need to implement important and large projects, the governorate is asking Baghdad for an amount amounting to 45 trillion, which has been owed by the government since 2011.”

He added, "The Ministry of Finance must spend these amounts for the purpose of completing ongoing projects or implementing new projects for the current year."

It is noteworthy that the House of Representatives voted to allocate an amount exceeding 850 billion dinars to Basra Governorate in the 2024 budget, which led to a series of local and federal objections to these allocations.

It is worth noting that the Iraqi Parliament voted on Monday (June 3, 2024) on the schedules of the Federal General Budget Law No. 2024.

A statement by the Council's Media Department, received by "Baghdad Today", stated that "the House of Representatives voted on the schedules of the Federal General Budget Law No. 2024 amended 13 for the year and its annexes, Schedules (A/B/C/D/E and F)." LINK

Provoking Thoughts and Points To Ponder On Adversity:

Woman's discontent increases in exact proportion to her development. -Elizabeth Cady Stanton

Restlessness is discontent, and discontent is the first necessity of progress. -Thomas A. Edison

Noble discontent is the path to heaven. -Thomas W. Higginson

No pain, no palm; no thorns, no throne; no gall, no glory; no cross, no crown. -William Penn

Times of stress and difficulty are seasons of opportunity when the seeds of progress are sown. -Thomas F. Woodlock

The gem cannot be polished without friction, nor man perfected without trials. -Confucius

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

TNT:

CandyKisses: Iraq talks again about electrical interconnection with Saudi Arabia

A government statement said that it "received Prime Minister Mohamed Shia Al-Sudani, Minister of Trade in Saudi Arabia Majid Al-Qasabi and his accompanying delegation."

During the meeting, according to the statement, they "discussed bilateral relations between the two countries, ways to enhance joint cooperation, and stressed the importance of concerted efforts to reduce tension and crises facing the region, and the need to continue joint efforts to stop the war on Gaza as soon as possible, and open humanitarian corridors for the delivery of humanitarian and relief aid."

He added, "The meeting witnessed a discussion of coordination procedures between Iraq and Saudi Arabia to hold the sixth session of the Iraqi-Saudi Coordination Council, and follow-up the implementation of the outputs of the previous session in accordance with the competence of each subcommittee, including the political, security and military committee during the coming period, and determine the date of its convening in coordination between the ministries of foreign affairs of the two countries, as well as discuss the completion of electrical interconnection according to the memorandum of understanding signed between the two countries, and follow up the executive minutes of the principles of electrical interconnection through the relevant technical committee. "

Al-Sudani praised "the efforts of the Kingdom of Saudi Arabia for the success of the Hajj ceremonies, and praised the level of services provided to Iraqi pilgrims," and stressed "the importance of reviewing Iraq's share next year, based on the population percentage approved in United Nations statistics."

For his part, Al-Qasabi conveyed "the greetings of Saudi King Salman bin Abdulaziz Al Saud and Saudi Crown Prince Mohammed bin Salman Al Saud to the Prime Minister," stressing "his government's aspiration to expand the horizons of constructive cooperation, in various fields, in a way that contributes to strengthening relations between Baghdad and Riyadh, and achieving the interests of the peoples of the two countries."

************

CandyKisses: The government announces monitoring. 13 billion dinars to support culture and arts

Baghdad - Iraq Today:

Prime Minister Mohamed Shia al-Sudani confirmed that his government has allocated more than 13 billion dinars to support culture and arts.

The Prime Minister's Media Office said in a statement that "Al-Sudani received a group of Iraqi plastic artists and sculptors on the occasion of Eid al-Adha."

Al-Sudani pointed out that "art has flourished historically in Iraq since ancient civilizations, and the cultural connection of plastic art has not been interrupted in subsequent eras, which is embodied in the important drawings left by the Iraqi artist," noting that "Iraqi plastic art is a pioneer in the Arab world, and this size and weight of artistic civilization makes the task of plastic artists and sculptors doubled, because they are the heirs of all civilizations makers in this land."

"The importance of establishing a museum of Iraqi plastic art in Baghdad," he said, noting that "Iraq has gone through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them."

He pointed out that "the government allocated 13 billion for various types of arts," stressing "the importance of holding conferences and cultural activities, because of the need of the cultural sector and in order to introduce the reality of Iraq, and the government will take care of them."

"At the request of the president of the Arab League, the Iraqi pavilion in the Arab League was awarded 15 paintings by Iraqi artists," he said.

The Prime Minister explained that "Iraq is on the right track at all levels, and the national service government has a clear picture based on a well-thought-out government program that represents an essential step to build trust between the political system and the people," stressing his approval of "a set of proposals submitted by the delegation of plastic artists and artists, regarding interest in plastic art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them."

*************

Tishwash: Behind the scenes of an exciting session of merchants and restaurant owners who “invested” in the exchange rate difference in Iraq

A lengthy report by the American newspaper “The National” reviewed the scenes of investing in the exchange rate difference in Iraq, where businessmen, merchants, and restaurant owners benefited by operating their money in this trade, by withdrawing the dollar from the central bank and selling it on the black market, which achieved huge and rapid profits in this way, However, the recent actions of the Central Bank caused problems between these partners due to losses.

The report, translated by “Baghdad Today,” says, “Despite recent efforts for reforms, challenges remain, and well-connected businessmen are still exploiting loopholes in the foreign currency sales window managed by the Central Bank of Iraq to make obscene amounts of money.” From the margin between the official exchange rate and the black market rate.

The National spoke to dozens of businessmen who said the strict measures had helped simplify the import process and forced many to formalize their transactions, but they said there was still room for manipulation.

One of the businessmen said: “There are still ways to circumvent the procedures,” adding that“falsifying invoices and arrangements at border crossings and manipulating the prices of goods by setting inflated prices by exporters are among the common methods.”

In a room decorated with intricate tapestries and ornate tapestries, The National attended a tense meeting of businessmen, their faces etched with a mixture of frustration and resignation.

They have banded together to resolve a months-long financial crisis that has escalated beyond the bounds of legality, plunging them into the murky waters of clan diplomacy.

By accessing a government-run platform offering US dollars at the official rate, a businessman lured other traders with a deal promising them huge profits from the spread between official and black market rates, sources involved told The National.

With hundreds of millions of Iraqi dinars in circulation, traders received unexpected cash gains. But as the days and months passed, the businessman found himself unable to pay his debts, leaving the merchants in a precarious situation.

No official complaint was filed against him, and the businessman did not face any trial.

“It is clear that we have reached an impasse,” a representative of the businessman who lives in a neighboring country told the audience, who exchanged wary glances. "We can't continue down this path. It's time to cut our losses."

His proposal hung in the air, and was met with hesitant votes of approval.

Giving up half of the two billion Iraqi dinars was a bitter pill to swallow, but it seemed the only viable option in the face of mounting losses and uncertainty.

The owner of a famous restaurant chain in Baghdad told The National newspaper after the meeting: “We say that whoever loses half his money is not a loser.”

“At least I have half my capital in my hands – better than nothing,” he said.

“There is no business that allows you to hit the jackpot like taking advantage of the exchange rate margin in a short period of time, which is why we invested heavily with him.

He added: "Over the past months, he has been paying us on time, but it seems that he has been having problems recently." link

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-18-24

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace And We Have Invested About Two Billion Dollars

Economy Today, 17:24 Baghdad - IA - Wissam Al-Mulla The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir told the Iraqi News Agency (INA): “The work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest approximately two billion dollars in a wide range of sectors,” noting that “our work in Iraq will extend our belief in the future prospects of Iraq and the acceleration of the pace of reform.”

"This will be reflected positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sectors."

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by

providing the necessary financing for private sector projects in addition to

providing advisory services.

Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq, in addition to providing consulting services". Zaghir continued,

“The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether

investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the

financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.” For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.” https://www.ina.iq/211005--.html

A list of dollar prices in 3 governorates, including Baghdad

Economy | 02:39 - 06/18/2024 Baghdad - Mawazine News publishes a list of exchange rates for the dollar against the Iraqi dinar in 3 governorates, including the capital, Baghdad.

Baghdad: Selling prices: 147,000 Purchasing prices: 145,500

Erbil: Selling prices: 147,000 Purchasing prices: 146,000

Basra: Selling prices: 146,500 Purchasing prices: 145,500

https://www.mawazin.net/Details.aspx?jimare=249889

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

I think these difficult times have helped me to understand better than before how infinitely rich and beautiful life is in every way that so many things that one goes around worrying about are of no importance whatsoever. -Isak Dinesen

Problems are the price of progress. Don't bring me anything but trouble. -Charles F. Kettering

Trouble is the thing that strong men grow by. Met in the right way, it is a sure-fire means of putting iron into the victim's will and making him a tougher man to down forever after. -H. Bertram Lewis

Every time you meet a situation, though you think at the time it is an impossibility and you go through the torture of the damned, once you have met it and lived through it, you find that forever after you are freer than you were before. -Eleanor Roosevelt

I have always fought for ideas - until I learned that it isn't ideas but grief, struggle, and flashes of vision which enlighten. -Margaret Anderson

I have learned in the great University of Hard Knocks a philosophy that no woman who has had an easy life ever acquires. I have learned to live each day as it comes, and not to borrow trouble by dreading tomorrow. It is the dark menace of the future that makes cowards of us. -Dorothy Dix

Discontent and disorder were signs of energy and hope, not of despair. -C. V. Wedgwood

We say: mad with joy. We should say: wise with grief. -Marguerite Yourcenar

There are some things you learn best in calm, and some in storm. -Willa Cather

Discontent is the first step in the progress of a man or a nation. -Oscar Wilde

Were there none who were discontented with what they have, the world would never reach anything better. -Florence Nightingale

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

Goldilocks' Comments and Global Economic News Tuesday Evening 6-18-24

Good Evening Dinar Recaps,

~~~~~~~~~

Vietnam's outperformance relative to peers is a good news story that doesn't get enough notice. Like China, it is a communist country that has embraced enterprise and growth. Others should study its method for success.
My first Uber was in Hanoi.Vietnam welcomes trade, commerce, and innovation. Twitter

~~~~~~~~~

~~~~~~~~~

Vietnam is moving on up..

It looks like their Market Status is becoming a reality. |

~~~~~~~~~

Watch “Webinar: Latest changes to the International Valuation Standards (IVS) - February 2024”on #Vimeo |Vimeo

~~~~~~~~~

Tokenization May Provide Global Markets With More Efficiency, According to SEC Commissioner |DailyHodl

~~~~~~~~~

Speech by Governor Bowman on innovation in the financial system -Federal Reserve Board

~~~~~~~~~

Goldilocks'Daily Breakdown PodcastLink

Goldilocks'Telegram Room

Goldilocks' Q & A ClassroomLink

Follow Goldilocks'Roadmap

Follow Goldilocks'Timeline

Goldilocks on theSeeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-18-24

The Sudanese Advisor Reassures: Iraq Is Safe From Any Financial Risks

Economy | 07:23 - 06/17/2024 Baghdad - Mawazine News Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.

Saleh said, “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” indicating that “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq, which It is considered one of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”

He added, "Managing cash liquidity, building the monetary foundation, and controlling liquidity levels in the country are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows."

He stated that "Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that "Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism."

He stated that "Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations." https://www.mawazin.net/Details.aspx?jimare=249866

Oil Clarifies The Details Of The Memorandum Of Understanding Signed With The American Honeywell

Posted On06-18-2024 By Sotaliraq The Ministry of Oil explained the details of the memorandum of understanding signed with the American company Honeywell to develop refineries, and while it indicated the Prime Minister’s directive to prepare a study to establish a pipeline network adjacent to the development road, it revealed projects that will enter service soon related to raising refining capacity.

Deputy Minister of Oil for Refining Affairs, Hamid Al-Zobaie, said, “There is a memorandum of understanding signed by the Minister of Oil under the auspices of the Prime Minister with Honeywell, which is one of the large specialized companies with extensive work in all activities,” noting that “a workshop was held with the company.” Concerning refinery activity.”

Al-Zobaie explained, “The memorandum that was signed aims to develop projects for developing refineries and to meet what was directed by the Prime Minister regarding the refinery capacity reaching 40 percent of the crude oil production capacity,” noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to To raise financial returns and thus support the national economy.”

He pointed out that “7 projects were discussed regarding refineries, with a capacity of 70 thousand barrels for each project, in the governorates of Maysan, Dhi Qar, Muthanna, and Najaf Al-Ashraf, in addition to the third unit in the Doura, Haditha, and Qayyarah refineries.”

He pointed out that “the ministry’s plan was presented and discussed extensively with Honeywell during the workshop held, and it is hoped that a complete vision will be presented by the company regarding the process of developing the refineries with the proposed capabilities during the next two weeks.”

He added, “Honeywell is known for its technical and technological expertise and capabilities, which is important for gaining and transferring expertise to national cadres and developing facilities,” stressing that “after completing the preparation of the projects, the implementation mechanism and time periods for their completion will be determined.”

He noted that “the Prime Minister paid great attention to the refinery sector through development and raising the capabilities of refineries due to its great economic importance,” indicating that “great achievements have occurred in the refinery sector during the past short period, represented by the completion of the fourth unit in the South Refinery, which added 70,000 barrels of refining capacity,

in addition to About the Al-Azmra unit in the same southern refineries, which will be opened very soon, as it added about 1,200 cubic meters of high-octane gasoline, as well as the completion of the Al-Azmra unit in the Doura refinery and the rehabilitation of the North refinery in record time, which added refining capacity of up to 150,000 barrels.

He continued: “During the next few days, the CCR unit in the North Refinery will enter service and will add approximately 3,000,000 liters of high-octane gasoline. The Izmora unit in the North Refinery has also been operated,” stressing that “all of these projects were completed in very short periods.”

He continued, “The upcoming projects, which will enter service soon, will be a contributing factor in raising refining capacities and filling the local consumer need for some products, including the FCC unit in the southern refineries, as it is hoped to be completed in the first half of next year, as it will add gasoline production.”

High octane by 4,000 cubic meters to 4,000,000 cubic liters, and we also have projects for refining capacity additions in the Haditha refinery, during the current quarter of the current year, adding 20,000 barrels.”

He pointed out, “The Prime Minister directed the Ministry of Oil to prepare a study that includes establishing a pipeline network adjacent to the development road that meets all the future strategic plans of the Ministry of Oil, from the fields to the transportation process, in order to facilitate the process of transporting crude oil and gas between the north and the south, as well as export ports.” LINK

Iraq Is The First Arab Country In Developing Oil Pipelines

Energy Economy News _ Baghdad Iraq ranked first as the most developed Arab country for oil pipelines, according to data issued by the specialized Global Energy Monitor platform, until May 2024.

The Arabian Gulf is among the most important regions witnessing oil pipeline construction projects globally, in light of the leadership role it plays in the global market and its possession of huge crude reserves.

Iraq topped the list of the most developed Arab countries for oil pipelines, and the oil pipeline projects - proposed and under construction - reach 3.83 thousand kilometers, divided between 75 kilometers under construction and 3.756 thousand kilometers proposed.

The marine export pipeline project, with an investment cost of $416.9 million, is scheduled to be implemented during the years 2024 and 2025, and will be implemented by the Dutch company Royal Boskalis.

This comes as the country implements plans to increase its oil production to 8 million barrels per day by 2027, contributing to Iraq topping the list of the most developed Arab countries for oil pipelines.

It is noteworthy that Iraq has about 15 lines for transporting oil, with a length of 2.09 thousand miles, and 10 lines with a length of 1.53 thousand miles for transporting petroleum derivatives, according to data issued by the Organization of Arab Petroleum Exporting Countries (OAPEC). 99 views 06/18/2024 - https://economy-news.net/content.php?id=44389

Basra Oil Prices Fall

Economy | 06/18/2024 Baghdad - Mawazine News The prices of Basra heavy and medium crude oil decreased today, Tuesday, in conjunction with the decline in global oil prices.

Basra Heavy crude prices fell by 14 cents, reaching $79.48, while Basra Medium crude prices fell by 14 cents, reaching $82.69.

It is noteworthy that global oil prices declined today, after recording gains in the previous session, as markets remained cautious about the prospects for global demand growth amid expectations of increased supplies. https://www.mawazin.net/Details.aspx?jimare=249875

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

True knowledge comes only through suffering. -Elizabeth Barrett Browning

Suffering raises up those souls that are truly great; it is only small souls that are made mean-spirited by it. -Alexandra David-Neel

He disposes Doom who hath suffered him. -Emily Dickinson

uffering has always been with us, does it really matter in what form it comes? All that matters is how we bear it and how we fit it into our lives. -Etty Hillesum

We are healed of a suffering only by experiencing it to the full. -Marcel Proust

Those who have suffered understand suffering and therefore extend their hand. -Patti Smith

The saints rejoiced at injuries and persecutions, because in forgiving them they had something to present to God when they prayed to Him. -Teresa of Avila

The difficulties and struggles of today are but the price we must pay for the accomplishments and victories of tomorrow. -William J. H. Boetcker

Experience may be hard but we claim its gifts because they are real, even though our feet bleed on its stones. -Mary Parker Follett

And I think that's important, to know how the water's gone over the dam before you start to describe it. It helps to have been over the dam yourself. -E. Annie Proulx

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

Goldilocks' Comments and Global Economic News Tuesday AM 6-18-24

Good Morning Dinar Recaps,

Stellar: Blackrock and Franklin Templeton Fuel Tokenized Treasury|Crypto News Flash

~~~~~~~~~

JUST IN: Cryptocurrency Earthquake at SEC - Head of Crypto Unit Resigns - Bitcoin Sistemi |Bitcoin Sistemi

~~~~~~~~~

June 17, 2024 Goldilocks'Daily Breakdown PodcastLink

~~~~~~~~~

Mastercard Collaborates with Thought Machine to Modernize Banking |Finance Magnates

~~~~~~~~~

Goldilocks'Daily Breakdown PodcastLink

Goldilocks'Telegram Room

Goldilocks' Q & A ClassroomLink

Follow Goldilocks'Roadmap

Follow Goldilocks'Timeline

Goldilocks on theSeeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

TNT:

Tishwash: Basra's wish: The stability of the governorate makes it an attractive city for international companies

The security committee in the Basra Governorate Council confirmed the stability of the security situation in the governorate.

Tishwash: Iraq is the first Arab country in developing oil pipelines

Iraq ranked first, as the most developed Arab country for oil pipelines, according to data issued by the specialized Global Energy Monitor platform, until May 2024.

The Arabian Gulf is among the most important regions witnessing oil pipeline construction projects globally, in light of the leadership role it plays in the global market and its possession of huge crude reserves.

Iraq topped the list of the most developed Arab countries for oil pipelines, and the oil pipeline projects - proposed and under construction - reach 3.83 thousand kilometers, divided between 75 kilometers under construction and 3.756 thousand kilometers proposed.

The marine export pipeline project, with an investment cost of $416.9 million, is scheduled to be implemented during the years 2024 and 2025, and will be implemented by the Dutch company Royal Boskalis.

This comes as the country implements plans to increase its oil production to 8 million barrels per day by 2027, contributing to Iraq topping the list of the most developed Arab countries for oil pipelines.

It is noteworthy that Iraq has about 15 lines for transporting oil, with a length of 2.09 thousand miles, and 10 lines with a length of 1.53 thousand miles for transporting petroleum derivatives, according to data issued by the Organization of Arab Petroleum Exporting Countries (OAPEC). link

************

CandyKisses: Shameless and unacceptable statements... Al-Sahhaf calls for restraining the American ambassador

Information / Baghdad.

The spokesman for the popular legal movement, Mohammed Al-Sahaf, on Tuesday, rejected the US trusteeship over Iraq, calling on the government to rein in the new US ambassador Tracy Jacobson.

Al-Sahhaf said in a statement to the Information Agency that "the new US Ambassador Tracy Jacobson's provocative statements have floated a set of UN resolutions."

He added that "the intervention of the new Washington ambassador to Baghdad is negative and reprehensible and a clear interference in the affairs of a sovereign state," noting that "the Iraqi people reject the American trusteeship of Iraq."

"The US ambassador's statements are rude and unacceptable, and it is not the Iraqi people who are subject to US tutelage," he said.

************

Tishwash: Parliamentary Legal: Representatives enjoy vacation and there is no emergency session

The head of the Legal Committee in the House of Representatives, Rebwar Hadi, confirmed today, Monday (June 17, 2024), that there will be no emergency session to elect a Speaker of the House of Representatives.

Hadi told "Baghdad Today", "Members of Parliament are now enjoying the legislative recess, and there is no talk of an emergency session regarding the election of a Speaker of Parliament."

He added, "The issue of choosing a speaker for parliament requires political consensus, and there is no consensus yet regarding choosing the president."

It is noteworthy that the position of presidency of the House of Representatives has been vacant for more than 7 months, with the House failing more than once to elect a president due to the lack of consensus among the Sunni forces in electing one of the candidates.

In the latest developments in the file, the representative of the Al-Fatah Alliance, Mukhtar Al-Moussawi, confirmed on (June 9, 2024) the existence of a political consensus to resolve the election of the Speaker of the House of Representatives after the Eid Al-Adha holiday.

Al-Moussawi told "Baghdad Today", "There is a political consensus to resolve the election of the Speaker of the House of Representatives after the Eid al-Adha holiday, and there is no intention to keep Mohsen al-Mandalawi on the part of any party in the coordination framework." link

Iraq Economic News and Points To Ponder Tuesday AM 6-18-24

The Prime Minister's Advisor Confirms That The Country Is Protected From Any International Financial Risks

Sweeteners - 06-17-2024 09:53 PM - Number of views: 178 Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.

Saleh said, “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” noting that “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq, which is... “One of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”

He added,

"Managing cash liquidity,

building the monetary foundation, and

controlling liquidity levels in the country

are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows." He stated that

"Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that

"Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism.” He stated that

"Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and

it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations.". https://www.dijlah.tv/index.php?page=article&id=347120

Oil Reveals Important Details Related To The Imminent Halt Of Gasoline Imports From Abroad - Urgent

Economy | Today, 15:25 |Baghdad Today – Baghdad Today, Monday (June 17, 2024), the Undersecretary of the Ministry of Oil for Refining Affairs, Hamid Al-Zobaie, revealed important details related to the imminent halt of gasoline imports from abroad. Al-Zubaie told "Baghdad Today",

"The Ministry of Oil has currently been able to stop importing more than half of the amount of foreign gasoline we import." He added,

"Iraq previously imported an amount of gasoline amounting to 14 million liters,

but after the Karbala refinery entered work, it contributed to the production of 7 million liters of high-octane gasoline,

which contributed to the decrease in half of the imported gasoline."

Al-Zubaie stated, “The entry of the North Refinery to work, in addition to the fact that the 20th of this month will witness the opening of the CCR unit in the North Refineries, which will contribute to the entry of local quantities of gasoline amounting to three and a half million liters of gasoline, and

this will reduce the imported quantities, as Iraq will remain.” It imports a quantity of up to three and a half million liters, and

these quantities can be covered this year if the rest of the proposed projects are opened.”

It is noteworthy that the country's filtration sector has recently witnessed the opening of a number of important projects, including the Karbala and Baiji refineries, the fourth unit, and the Al-Izmara unit in the South Refinery,

in addition to the fact that there is a large project in Basra Governorate, which is the FCC project, which is scheduled to be completed next year to be a great addition to the filtration sector.

https://baghdadtoday.news/251656-النفط-تكشف-تفاصيل-مهمة-تتعلق-بقرب-إيقاف-استيراد-البنزين-من-الخارج-عاجل.html

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

How sublime a thing it is to suffer and be strong. -Henry Wadsworth Longfellow

He disposes Doom who hath suffered him. -Emily Dickinson

They merit more praise who know how to suffer misery than those who temper themselves in contentment. -Pietro Aretino

Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved. -Helen Keller

Never to suffer would have been never to have been blessed. -Edgar Allan Poe

It is somehow reassuring to discover that the word "travel" is derived from "travail," denoting the pains of childbirth. -Jessica Mitford

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

Iraq Dinar - IQD Update - Liberation of Economy - 6.5 Billion Dinars ($4.9 Billion USD) - Al-Sudani

MilitiaMan and Crew: 6-17-2024

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=X2mdmvh_Yrg

Goldilocks' Comments and Global Economic News Monday Evening 6-17-24

Good Evening Dinar Recaps,

~~~~~~~~~

E140: What Really Happens to Infinite Banking if the Dollar Collapses or Hyperinflation |Living

👆 Goldilocks pointed to this article

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

Goldilocks'Daily Breakdown PodcastLink

Goldilocks'Telegram Room

Goldilocks' Q & A ClassroomLink

Follow Goldilocks'Roadmap

Follow Goldilocks'Timeline

Goldilocks on theSeeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps