Iraq Economic News and Points to Ponder Saturday Afternoon 4-27-24


Iraq Economic News and Points to Ponder Saturday Afternoon 4-27-24

Washington Condemns The Attacks On The Kurdistan Region And Affirms Its Support For Achieving Security And Stability In Iraq

Saturday 27, April 2024 18:44 | Political Number of readings: 71 Baghdad / NINA / The US State Department on Saturday strongly condemned the attacks on civilians and energy infrastructure in the Kurdistan region.

The Ministry stated in a statement that it “strongly condemns the attacks on civilians and the energy infrastructure in the Kurdistan region. Our condolences to the families of the victims and wish a speedy recovery to the wounded.

The Ministry affirmed that such attacks affect the sovereignty of Iraq. We encourage the authorities to investigate and bring those responsible to justice.”

The US State Department continued. Washington will continue to support the government of Iraq and Kurdistan to achieve Iraqi security and sovereignty./End 8

Parliamentary Efforts To Transform Iraq Into A Global Market For Transferring Internet Capacities

Money  and business  Economy News – Baghdad  Today, Saturday, the Parliamentary Finance Committee confirmed that there are efforts to transform Iraq into a global market for transferring Internet capacities.

A statement from the committee, received by “Al-Iqtisad News,” stated that “The Parliamentary Finance Committee, headed by Atwan Al-Atwani, and in the presence of its members, hosted the Minister of Communications, Hiam Al-Yasiri, to discuss ways to advance the reality of the communications sector in Iraq and raise the level of services provided to citizens, because of its direct impact on economic development.” “.

The statement added, “The meeting discussed the most prominent problems facing the ministry’s work and the possibility of providing it with the necessary support in order to implement the provisions of the government program related to the communications sector.”

Al-Atwani stressed, “the necessity of advancing the communications sector and developing electronic services,” stressing, “the Parliamentary Finance Committee’s keenness to review what has been implemented, as stipulated in Paragraph 17 of the Federal Budget Law (2023-2025), regarding increasing communications revenues and improving the quality of services.”

He added, “We rely a lot on the Ministry of Communications, to be the second financial resource for the state after oil.”

Al-Atwani stressed, “The necessity of digital transformation in all sectors, including customs and ports, and this requires securing and improving Internet service, continuously and without interruption, in a manner that is consistent with the government’s endeavor to automate these sectors and undermine the outlets for corruption.”

He warned, “The hosting also comes to identify the ministry’s needs, in preparation for including them in the 2024 budget schedules, the schedules of which are expected to reach the Finance Committee next week.”

Al-Atwani pledged to “adopt the demands and proposals put forward by the Minister before the Finance Committee, including providing the necessary financial allocations to develop communications infrastructure, ensuring the expansion of port gates in light of the increasing demand for this service, in addition to purchasing advanced devices to block websites targeting Iraqi society, as well as By giving the Ministry the authority to collect fees for commercial advertisements on social media sites and to prosecute violators.

The Chairman of the Finance Committee stressed, “The necessity of completing the steps to transform Iraq into a global market for transferring Internet capacities by attracting customers, after the submarine cable service entered the commercial operation phase, which brings significant revenues to the state.”  Views 54  04/27/2024 –

More Than A Billion Dollars In Sales From The Iraqi Central Bank Within A Week

Money  and business   Economy News – Baghdad  The Central Bank of Iraq’s total sales of hard currency for the US dollar during the last week in which the auction was opened amounted to more than one billion dollars.

During the past week, the Central Bank sold one billion and 348 million and 235 thousand and 509 dollars, at a daily rate of 276 million and 847 thousand and 19 dollars, lower than what it recorded last week, which amounted to one billion and 354 million 297 thousand and 9 dollars.

The highest dollar sales were for Wednesday of last week, when sales amounted to 282 million, 624 thousand and 465 dollars, while the lowest sales were for Sunday of the week, when sales amounted to 270 million, 897 thousand and 422 dollars.

Foreign remittance sales during the past week amounted to 1,317,475,000 dollars, an increase of 95% compared to cash sales, which amounted to 66,760,000 dollars. 864 views 04/27/2024 –

Dollar Prices Are Witnessing A Slight Decline In Baghdad Markets

Economy | 11:49 – 04/27/2024  Mawazine News – Baghdad  The exchange rates of the dollar against the dinar recorded a slight decrease today, Saturday, in the local markets in the capital, Baghdad.

The main Kifah and Harithiya stock exchanges opened in Baghdad, recording a price of 146,250 dinars for every 100 dollars.

As for “selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 147,250 dinars, while the purchase price reached 145,250 dinars for every 100 dollars.”

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 Provoking Points To Ponder on Failures and Mistakes

Failure at a task may be the result of having tackled it at the wrong time.- Brendan Francis

We fail more often by timidity than by over-daring.- David Grayson

Failure is more frequently from want of energy than want of capital.- Daniel Webster

Losers have tons of variety. Champions take pride in just learning to hit the same old boring winners.- Vic Braden

Lack of will power has caused more failures than lack of intelligence or ability.- Flower A. Newhouse

The word fate … is the refuge of every self-confessed failure.- Andrew Soutar