Bondlady’s Corner – Iraq Economic News and Points to Ponder Late Friday Evening 12-15-23


Iraq Economic News and Points to Ponder Late Friday Evening 12-15-23

Tlm724 Administrator Bondlady’s Corner

Oil Prices Rise 3 Percent Due To The Decline In The Dollar

Friday 15, December 2023 09:45 | Economic Number of readings: 468  Baghdad/NINA/ Oil prices rose, today, Friday, three percent at settlement, continuing their gains from the last session, supported by the decline of the dollar, and the International Energy Agency raised its expectations for demand for… Oil next year.

Brent crude futures rose $2.35, or 3.2 percent, to $76.61 per barrel upon settlement, and US West Texas Intermediate crude increased $2.11, or three percent, to $71.58.

The oil markets achieved positive results after they fell to their lowest levels in approximately six months during yesterday’s session.


The dollar fell to its lowest level in four months after the latest economic forecasts of the Federal Reserve (the US central bank) indicated that the cycle of raising interest rates has ended and lowering borrowing costs will occur in 2024.

The International Energy Agency said in a monthly report today: Global oil consumption will rise by 1.1 million barrels per day in 2024, an increase of 130 thousand barrels per day from its previous expectations, indicating improved expectations for the United States and lower oil prices./End 2

The Presidency Of The Republic Announces Its Support For The Government’s Measures To Establish Security And Prevent The Targeting Of Diplomatic Missions

Friday 15, December 2023 12:00 | Wish Number of readings: 386  Baghdad/NINA/The Presidency of the Republic announced, today, Friday, its support for the government’s measures to establish security and prevent the targeting of diplomatic missions.

The Presidency’s Media Department said in a statement: ” The Presidency of the Republic declares its full support for the measures taken by the government to establish security and stability and prevent illegal actions and operations targeting diplomatic missions and Iraqi government institutions that aim to stabilize the country, violate Iraq’s sovereignty, and distort its image before the international community.

She added: “The Presidency of the Republic supports the security measures and plans taken recently, including holding accountable all security forces responsible for the security sector in the area where the attack occurred. We would like to clarify that the aforementioned presidential regiment has been under the command of the Third Brigade of the Federal Police since 2015.” End2

Al-Rafidain Announces The Continuation Of Opening Bank Accounts And Issuing Electronic Cards

Friday 15, December 2023 09:29 | Economic Number of readings: 478  Baghdad/NINA/ The Rafidain Bank announced, today, Friday, the continuation of opening bank accounts and issuing electronic cards.

A statement from the bank stated, “The bank continues to open bank accounts and issue electronic cards as part of the plan to implement electronic payment and electronic collection of taxes.”/ End 2


Iraq And Saudi Arabia Agree To Coordinate Positions And Support Anti-Corruption Projects

Time: 12/15/2023 16:03:10 Read: 468 times  {Local: Al-Furat News} The Integrity Commission announced the agreement of the delegations of the Republic of Iraq and the Kingdom of Saudi Arabia, on the sidelines of the tenth session of the states parties to the United Nations Convention against Corruption, to coordinate positions and support anti-corruption projects.

A statement by the Integrity Commission stated that “the Iraqi delegation represented by the head of the Federal Integrity Commission, Judge Haider Hanoun, discussed with the Saudi delegation headed by the head of the Oversight and Anti-Corruption Commission (Mazen bin Ibrahim Al-Kahmous) unification of positions and coordination between them regarding anti-corruption projects.” It is planned to be presented as part of the conference’s work.

During the meeting, Hanoun praised “the country assessment project presented by the Kingdom of Saudi Arabia,” Stressing that “the Iraqi delegation strongly supports the Kingdom’s proposals and projects included in the conference’s work and recommendations,” Pointing out that “Saudi decisions and their success are considered Iraq’s success, calling for consideration of presenting human rights standards in accordance with the principles and morals of Arab countries and the values and ideals of Islam.”

Hanoun affirmed “the Republic of Iraq’s support for the Nazaha Global Initiative.” To measure corruption launched by the Kingdom of Saudi Arabia, which is one of the biggest challenges facing many countries, which is the lack of objective indicators to measure the progress that countries are making in the field of combating corruption,” Stressing that “the evaluation must be objective, free of any impurities that could make it have a political character, and that it must be based on facts, numbers, and scientific data.”

For his part, the head of the Saudi Oversight and Anti-Corruption Authority expressed his happiness at strengthening and consolidating relations between Arab countries and the mutual endeavor to support the proposals and projects that emerge from them and the cooperation that he sensed from the Iraqi delegation, represented by the head of the authority, wishing the Republic of Iraq, its institutions and its people Development, prosperity, and progress in the field of combating corruption, stressing that the memorandum of understanding to be concluded between the Iraqi Federal Integrity Commission and the Saudi Oversight and Anti-Corruption Commission is in the final stages of preparation.

In a related context, the Chief of Integrity met with his Jordanian counterpart ( Muhannad Ali Ibrahim Hegazy) “During the meeting, they discussed cooperation mechanisms in combating corruption, recovering funds and defendants, removing obstacles to that, and emphasizing putting the final touches to the memorandum of understanding between the two parties. Its conclusion will be announced in the next month.   LINK


Member Of Parliamentary Investment: An Economic Forum In Iraq Attended By Giant Foreign Companies

Time: 12/15/2023 Read: 1,573 times  {Economic: Al-Furat News} Member of the Parliamentary Investment Committee, Asaad Al-Bazouni, stressed the country’s need for investment projects in economic development, agricultural, industrial, and health fields.

Al-Bazouni told Al-Furat News Agency, “Basra is considered a good incubator for investment, especially foreign investment, as large foreign companies intend to invest in the province, and all of this requires security stability to attract investors.”

He stated that “the Ministry of Industry’s adoption of the Investment Partnerships Forum in the presence of investors and giant foreign companies is considered a good step with the presence of the security, investment and environmental incubator.”   LINK

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Provoking Points To Ponder  From- QUOTES BY KAHLIL GIBRAN

If the other person injures you, you may forget the injury; but if you injure him you will always remember.

They deem me mad because I will not sell my days for gold; and I deem them mad because they think my days have a price.

The significance of a man is not in what he attains but rather in what he longs to attain.

The tiny flame that lights up the human heart is like a blazing torch that comes down from heaven to light up the paths of mankind. For in one soul are contained the hopes and feelings of all Mankind.

Let there be spaces in your togetherness.

No man can reveal to you aught but that which already lies half asleep in the dawning of your knowledge.