Bondlady’s Corner – Iraq Economic News and Points to Ponder Thursday Evening 10-26-23


Iraq Economic News and Points to Ponder Thursday Evening 10-26-23

Tlm724 Administrator Bondlady’s Corner

The Head Of The Integrity Commission And The Canadian Ambassador Discuss Effective Ways To Combat Corruption And Recover Smuggled Funds

Thursday 26 October 2023 18:13 | Political Number of readings: 122  Baghdad / NINA / The head of the Federal Integrity Commission, Judge Haider Hanoun, discussed with Canadian Ambassador Cathy Bonka effective ways to combat corruption and recover smuggled funds.

Hanoun confirmed during his meeting with the ambassador: “After its success in combating corruption internally and deterring the corrupt, the Commission will intensify its external efforts at the current stage to conclude memorandums of understanding with external parties, with the aim of extraditing the convicts and recovering the smuggled funds and returning them to the state treasury.”

He called on all countries to unify standards with regard to crimes committed, regardless of their perpetrators and the territory on which the crime was committed, demanding that the crime of corruption be viewed from the perspective of the act and the felony and that it be considered a crime, even if it was committed outside the borders of the country in which the accused reside, pointing to the importance of strengthening the ties between States, and cooperation among them in the issue of extraditing convicts and recovering proceeds obtained from corruption.

The Chairman of the Commission indicated that the most important changes that have occurred since the formation of the current government is the push to support anti-corruption efforts, including this in the government program and ministerial curriculum of the current government, and cooperating with the Commission in curbing the corrupt – regardless of the high level of their positions and affiliations – without setting limits or red lines for that. , warning that the government has stressed; In line with the Commission’s procedures in combating corruption and recovering its proceeds, the file of recovering funds and convicts will be its first priority in its external relations.

For her part, the Canadian Ambassador expressed her happiness at attending the Federal Integrity Commission and meeting with its president after submitting her credentials to the Iraqi Ministry of Foreign Affairs, pointing out that the Commission faces a great responsibility, especially after it raised the red lines in the fight against corruption, noting that the Commission’s Chairman’s talk about anti-corruption measures Provides reassurance to companies; To come and invest in Iraq./End 7

In 5 Sessions.. The Iraqi Market Announces The Trading Of Shares Worth More Than 4 Billion

Money  and business   Economy News – Baghdad   Today, Thursday, the Iraq Stock Exchange announced the weekly trading indicators.

The market stated in a statement that it organized “during the fourth week of October, five trading sessions from Sunday (October 22) to Thursday (October 26).”

The statement added: “The following indicators were achieved during this week:

1. The number of shares traded during this week amounted to more than (3) billion shares.

2. The value of shares traded this week amounted to more than (4) billion dinars.

3. The trading index closed. In the market for the first session of the week at (832.41) points, while the index closed at the end of the week at (810.71) points, achieving a decrease of (2.68%) from its close at the first session. 4. During the week (2799) purchase and sale contracts for company shares were executed . listed on the market.   Views 23   Added 10/26/2023 –

Environment: Iraq Aspires To Shift Towards A Green Economy And Attract Foreign Investments

Thursday 26 October 2023 | Economical Number of readings: 294  Baghdad / NINA / The Ministry of Environment stressed the importance of concerted national and international efforts, joint coordination, and providing the required budgets from international or national funds to ensure high-level implementation of the Ministry of Environment’s strategies and projects planned with various national and international bodies, to shift towards a sustainable green economy and address the effects of climate change.

Environment Minister Nizar Amedi said, during his participation in the Arab Ministerial Meeting today, Thursday 10/26/2023, that “the Iraqi government has given the issue of environment, climate and water a top priority on its agenda, and efforts are continuing from all sectors to confront this problem and lay the necessary foundations for adaptation.”

He added, “The Ministry of Environment has completed a new environment strategy for the period from 2023-2030, which is a general strategy for the country that aims to improve the environment, and takes into account the real challenges in the region resulting from the effects of climate and water scarcity, and the necessity of a gradual transition to a green economy, which is an economy that supports our economy.” “currently based on fossil fuels.”

The minister stressed, “The Ministry of Environment is leading the issue of the green economy and Iraq’s openness to investment in this aspect, with a transfer value of up to 100 billion dollars to the years 2030 and 2035, and allocating some of the necessary budgets in the national budget to support this trend, which aims to improve the environment in Iraq and encourage the adoption of A project worth one billion dollars to initiate and stimulate comprehensive environmental improvement and a green economy in the country./End 5

A Deputy Confirms The Imminent Start Of A Project That Will Achieve “Billion-Dollar” Profits And Provide 40,000 Job Opportunities

Energy  Economy News – Baghdad  Member of the Parliamentary Oil and Gas Committee, Adnan Al-Jabri, said on Wednesday that the “Nebras” petrochemical project in Basra Governorate is considered one of the largest projects.

Al-Jabri stressed, “Iraq needs a promising transformation in the field of petrochemicals to be a manufacturing country for these materials, especially with the presence of the raw material represented by oil, and therefore this raw material exists and there will be a shift in this field.”

Al-Jabri added in an interview with Al-Furat News Agency, followed by Al-Eqtisad News, that “the project will start soon because it is part of the government program, and there will be follow-ups by the House of Representatives with the government to speed up the completion of this project.”

The project manager, Hussein Muhammad Ali, said earlier, “The estimated cost of the project amounts to 8 billion and 540 million US dollars, and its annual profits are estimated at 1.4 billion US dollars.”

Ali added, “The project will exploit natural gas surpluses and attract external capital, in addition to providing great job opportunities during the construction period, estimated at 40,000 mobile jobs, in addition to exploiting job opportunities during production operations.”

Views 65   Added 10/25/2023 –

To read more current and reliable Iraqi news please visit BondLady’s Corner:


Points To Ponder on The Value of Challenge:

Challenge is life’s way of making sure that you truly desire the things you achieve. Challenge is an excellent tool for keeping  you focused on the things that really matter to you.

Imagine for a moment what it would be like to live in a world with no challenge. In such a world, you could obtain anything and everything with no need for effort, discipline or commitment. 
Does that sound like a great setup, with your every wish fulfilled the moment you think of it? 

Well, it might be nice for 20 minutes or so, but it would soon grow extremely tiresome. For such a world would literally overwhelm you with meaningless triviality. 

Sure, every wish would be instantly granted, but it would all be painfully empty.

The value of achievement is in the achieving, in the overcoming of the challenges, in the person you become as a result of going through the process. 

To have the reward without the effort is to have no reward at all, nothing but an empty and meaningless token.

Challenge is difficult, often painful, always demanding, and as such, challenge is what makes true value, beauty and fulfillment possible. Challenge can be tough, yet indeed it brings about the richness and fullness of life. By Ralph Marston