Bondlady’s Corner – Iraq Economic News and Points to Ponder Wednesday Evening 4-10-24


Iraq Economic News and Points to Ponder Wednesday Evening 4-10-24

Tlm724 Administrator Bondlady’s Corner

Iraq Is Ranked 93rd Globally And Ninth In The Arab World For Investment, Business And Trade

Economy |04/10/2024   Mawazine News – Baghdad   Iraq ranked 93rd globally and ninth in the Arab world in the best countries for investment or doing business for the year 2024, according to CEOWORLD magazine, which issued its report for the year 2024, which classifies and analyzes 199 countries based on their business and investment environments. The magazine considers the ease of doing business and the mobility of investors and skilled employees as strategic factors in this analysis.

The ranking was based on 11 different factors, including corruption, freedom (personal, commercial, and monetary), labor force, investor protection, infrastructure, taxation, quality of life, red tape, and technological readiness. Each category was equally weighted.

According to the latest rankings, Spain ranked sixth, followed by Australia, Poland, the Philippines, and the United States, respectively.

Malaysia, Thailand, the Czech Republic, France and the United Arab Emirates ranked 11th, 12th, 13th, 14th and 15th, respectively, among the best countries in the world to invest or do business in 2024.

Iraq ranked 93rd in the world in the best countries to invest or do business for the current year, as It received 71.77 points for skilled hands in the market and 72.15 points for market potential. Nauru, Kiribati, Palau and Micronesia ranked last in the best countries for investment or doing business in 2024.

Iraq came ninth in the Arab world after: the UAE, Oman, Bahrain, Saudi Arabia, Tunisia, Kuwait, Qatar and Egypt.

The American Ambassador: Al-Sudani’s Visit To Washington Is Very Important

Political |  04/09/2024   Mawazine News – Baghdad   National Security Advisor Qasim Al-Araji confirmed to the US Ambassador to Baghdad, Alina Romanowski, that the strategic framework agreement between Iraq and the United States is important and comprehensive and does not concern only the security aspect, but rather includes all fields.

Al-Araji’s media office stated in a statement received by Mawazine News, that “National Security Advisor Qasim Al-Araji received in his office today, Tuesday, the American ambassador to Baghdad, Alina Romanowski,” noting that “the two sides discussed the latest developments and developments in the political and security situation at the regional and international levels.” And the prospects for cooperation and partnership between Iraq and the United States of America.”

He added, “During the meeting, issues and files of common interest were also discussed, including the Al-Hawl camp file and continued cooperation in the field of combating terrorism.”

According to the statement, during the meeting, Al-Araji expressed his “optimism about the upcoming visit of Prime Minister Muhammad Shia Al-Sudani to Washington,” noting that “the visit will establish a new era of relations between the two countries,”

noting that “the strategic framework agreement between Iraq and the United States of America It is important and comprehensive and does not concern only the security aspect, but rather includes all fields.”

Al-Araji stressed “the importance of countries withdrawing their nationals from Al-Hawl camp and drying up the human, financial and media sources of terrorism.”

For her part, the American Ambassador confirmed that “the Prime Minister’s visit to Washington is very important and that the two countries are moving toward a bilateral security agreement, and that the committees of the two countries are continuing meetings regarding the mission of the international coalition.”

Oil Prices Are Approaching $100 Per Barrel

Economy | 04/09/2024   Mawazine News – Baghdad  Oil prices rose in early Asian trading, Tuesday, after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tensions in the Middle East.

By 00:32 GMT, Brent crude futures rose 40 cents to $90.78 per barrel. US West Texas Intermediate crude rose 35 cents to $86.78.

Brent suffered its first losses in five sessions and West Texas Intermediate fell for the first time in seven sessions against the backdrop of the possibility of a decline in geopolitical risks after a new round of ceasefire discussions between Israel and Hamas took place in Cairo on Monday at the end of an effort that lasted several sessions.

The market continues to evaluate the possibility of oil supply disruption. Analysts from ANZ said that the Iranian response to the suspected Israeli attack on its consulate in Syria “may make the oil market vulnerable to the conflict, after it has been largely unaffected since the Hamas attack on Israel.”

Iraq’s Financial Revenues Exceed 11 Trillion Dinars Within A Month

Money  and business  Economy News – Baghdad  The Ministry of Finance revealed, on Tuesday, that the volume of Iraqi revenues in the federal budget during the month exceeded 11 trillion dinars, confirming that the oil contribution to the budget had decreased to 89%.

According to the tables issued by the Ministry of Finance in April for the January accounts for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is the basis of the country’s general budget.

The financial tables indicated that the total revenues in January amounted to 11 trillion, 527 billion, 453 million, 587 thousand and 580 dinars, indicating that the total expenditures with advances amounted to one trillion, 252 billion, 731 million and 419 thousand dinars.

According to the financial tables, oil revenues amounted to 10 trillion and 275 billion and 776 million and 460 thousand dinars, which constitute 89% of the general budget, while non-oil revenues amounted to one trillion and 266 billion and 307 million and 956 thousand dinars.

Views 53  Added 04/09/2024 –

Today… The Stability Of Dollar Prices In Local Markets

Economy | 04/10/2024   Mawazine News – Baghdad..  Today, Wednesday, the exchange rates of the dollar against the dinar recorded stability at an increase in local markets in the capital, Baghdad.

The selling price of the dollar in banking offices in the capital, Baghdad, reached 149,000 dinars for every 100 dollars,   while the purchasing price reached 147,000 dinars for every 100 dollars.

A Slight Increase In Dollar Prices In Baghdad

Economy   Tuesday, April 9, 2024 10:45 AM  The exchange rates of the US dollar rose slightly, Tuesday morning, in Baghdad markets.

The National News Center correspondent said, “Dollar prices rose slightly with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 148,200 dinars for every 100 dollars, while yesterday, Monday, prices recorded 148,000 dinars for every 100 US dollars.”

He added, “Selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 149,000 dinars, while the purchasing price reached 147,000 dinars for every 100 dollars.”


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Provoking Points To Ponder On Failures and Mistakes

 When we can begin to take our failures non-seriously, it means we are ceasing to be afraid of them. It is of immense importance to learn to laugh at ourselves.- Katherine Mansfield

If I lose, I’ll walk away and never feel bad…. Because I did all I could, there was nothing more to do.- Joe Frazier

A man must learn to forgive himself.- Arthur Davison Ficke

You must accept that you might fail; then, if you do your best and still don’t win, at least you can be satisfied that you’ve tried.- Rosalynn Carter

Who would not rather trust and be deceived?- Eliza Cook

Forget mistakes. Forget failure. Forget everything except what you’re going to do now and do it. Today is your lucky day.- Will Durant