TNT – More News, Rumors and Opinions Tuesday Night 5-7-2024

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Tishwash:  Sudanese Advisor: Iraq is a strategic location in the region and the world

Advisor to the Prime Minister for Religious Affairs, Munir Al-Tarihi, confirmed today, Tuesday, that Iraq represents an important region and a strategic bridge in the region and the world.

Al-Tarihi said in an interview with the Maalouma Agency, “Inciting sectarianism and racism does not serve the country,” pointing out that “these moves are part of the West’s attempts to target Iraqi society.” 

He added, “Iraq is considered an important region and a strategic bridge connecting the world, so these attempts exist,” noting that “the enemies’ plans to sow despair among the Iraqi people have failed, and the credit for this goes to the ability and steadfastness of the Iraqis.” 

He continued, “The Iraqi people have proven to all countries of the world the extent of their ability not to be led by rumors and strife.”  link

CandyKisses:  Oil prices touch $84 in global markets

Economy News – Follow-up

Oil prices rose on Tuesday, after the Israeli occupation bombed the city of Rafah in Gaza, while negotiations on a ceasefire with Hamas continued without reaching an agreement.

Brent crude futures rose 23 cents, or 0.28%, to $83.56 a barrel, and U.S. West Texas Intermediate crude futures gained 24 cents, or 0.31%, to $78.72 a barrel

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CandyKisses:  Sudanese Advisor: The oil sector is witnessing a rapid renaissance

Economy News – Baghdad

The financial advisor to Prime Minister Mazhar Mohammed Saleh explained on Tuesday the positive effects resulting from the export launch of natural gas derivatives, while the oil sector is witnessing a rapid development renaissance.

Saleh said, in a statement followed by “Economy News” that “models of economic progress depend on export resources in order to advance the reality of development,” noting that “work to diversify the economy is through the diversification of raw material products exported within high value-added chains that reflect positively on the current account of the balance of payments.”

He added that “the export launch of a specific type of natural gas derivatives and the development in this direction has two important effects, including the optimal exploitation of some aspects of natural gas resources, which have been wasted by burning, especially the gas associated with oil production, as well as gradual mitigation and compensation for the cost of gas currently imported for specific purposes and used as fuel to operate electric power plants, which depend on natural gas derivatives itself.”

He pointed out that “the oil sector today is witnessing an accelerated development renaissance, whether in diversifying products from crude oil or associated gas and natural gas, and generating high flexibility in the attribution of the country’s financial resources, whether towards replacing imports of oil and gas products or promoting exports from them according to the calculations of balance between costs and benefits from import and export activities for various types of oil and gas derivatives,” noting that it is “the optimal balance base that will be in the interest of the national economy, especially maximizing the country’s financial revenues.”

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Walkingstick   You cannot have any restriction on your currency if you belong to the SAP.  You cannot be on a program rate.  A program rate is a restricted currency is it not Sure it is…This is a very advanced system…The SAP has the same qualifications as the WTO.  In fact SAP is part of the WTO…The restriction on currencies that the WTO says you cannot have is the same restrictions that SAP says...They run the same program systems.

Note:  SAP  ( System Analysis Program Development.)s the market leader in enterprise application software, offering cloud, platform, and sustainability solutions for various industries and business needs.

yada  …this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves.  And the non-revenue income that will decrease Iraq dependence on oil from 95% do about 55%.  Just one rate adjustment will have this impact.

Excellent step commerce economy

Nader:  5-6-2024

https://youtube.com/watch?v=zFv6g5qzGO4%3Ffeature%3Doembed%26enablejsapi%3D1

EXPECT IT! BOND YIELDS COULD DROP THROUGH THE FLOOR! What That Means For YOU…

Greg Mannarino:  5-7-2024