News — Dinar Recaps Blog Page — Dinar Recaps (2024)

Iraq News Highlights and Points To Ponder Thursday AM 6-27-24

What Is The Importance Of Iraq Joining International Agreements?

Money and business Economy News – Baghdad Today, Wednesday, the head of the National Investment Authority, Haider Makiya, stressed the importance of Iraq joining international agreements to enhance the investment sector, pointing out that Iraq has provided real guarantees to attract foreign investments.

Makiya said, in his speech, during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, that “Iraq’s accession to the International Settlement Agreement resulting from international mediation and disputes that was signed in 2024, will contribute to achieving the goals of sustainable development and encouraging the increasing use of international mediation as a means.”

Effective for settling cross-border disputes, for the purpose of maintaining trade and investment relations between the parties involved in the investment process.”

He added, "This agreement has a pivotal dimension, foremost of which is finding an alternative method to litigation procedures before international arbitration bodies in disputes arising from investment, especially since Iraq joined in 2015 the International Center for the Settlement of Investment Disputes between States and Citizens of Other Countries, and this "It will give foreign investors the right to resort to the Washington Center."

He continued, "Also, the Republic of Iraq's accession to the New York Convention on the Recognition of Foreign Judgments of 1958 means completing all the legislative environment necessary to provide real guarantees and protection for foreign investors, and this will positively reflect on attracting foreign capital to Iraq, which aims at the process of construction and reconstruction, and will raise Iraq's classification."

He explained, "This agreement enhances the Iraqi investment reality, because it includes many international and qualitative strategic investment opportunities that impose contracts with specialized foreign companies for investment purposes

This requires Iraq to provide legal protection to those companies by resolving disputes in the event that they arise from investment contracts that It is imposed by state institutions on these companies, which prefer to resort to international arbitration to guarantee their rights, as stipulated in Article 27 of Investment Law No. 13.

He pointed out, “Iraq’s accession to the International Mediation Agreement (Singapore Agreement) is necessary to attract foreign investments and achieve intended development, especially in light of Iraq’s transformation and dependence on a free market economy.

This agreement will also create a legal framework that allows reliance on agreements.” The settlement resulting from mediation is easily implemented by all countries.”

Makkia stressed that "the legal department at the National Investment Commission and the investment authorities in the governorates will work to include international investment contracts based on mediation mechanisms in disputes related to investment before resorting to international arbitration, which will send a message of reassurance to foreign investors and foreign companies to proceed with resolving disputes related to these contracts, in an easier way than entering into international commercial arbitration procedures."

He pointed out that "the Republic of Iraq's accession to the International Commercial Arbitration Convention and the Singapore Mediation Convention, in addition to concluding many agreements to encourage and protect mutual investments between Iraq and many international countries, made Iraq occupy the fourth place in the classification of foreign direct investment."

And the best emerging markets to invest in 2024.”

He stressed that "the noticeable improvement in the investment climate in Iraq comes as a result of the government's efforts to enhance the economic and investment sector, in attracting foreign investments," calling on foreign companies, foreign investors and businessmen to "visit Iraq to learn about the investment opportunities included in the investment map,

and to attend the Iraq Investment Forum that will be held next November, which will launch more than 100 investment opportunities with complete approvals, and to see the advantages and guarantees that the investment law will provide to investors." Views 42 06/26/2024 - https://economy-news.net/content.php?id=44638

Haider Makiya: Iraq Is An “Important Destination” And We Are Witnessing An Improvement In The Investment Climate

The first 06/27/2024 The head of the National Investment Commission, Haider Makkiya, stated that the improvement in the investment climate inside Iraq reflects the government efforts made to strengthen the economic and investment sector, while he stressed that Iraq has become an important investment destination in the region.

The National Investment Commission organized a conference attended by Al-Sabah yesterday, Wednesday, under the title of mediation “New Horizons” to facilitate business and retain investors in Iraq.

Makiya explained, in his speech, that the conference aims to introduce the importance of Iraq’s accession to the international settlement agreement resulting from mediation (the Singapore Agreement), as the accession document was signed last April in New York City in coordination with the Iraqi representation at the United Nations in conjunction with the visit of the Prime Minister. To Washington.

He added that the agreement contributes to achieving sustainable development goals and encouraging the increasing use of international mediation as an effective means of settling cross-border disputes with the aim of maintaining commercial relations between the parties involved in the investment process.

For his part, the representative of Prime Minister Nasser Al-Asadi stressed the importance of the agreement that keeps disputes away from complex judicial procedures at a time when we are witnessing important achievements on the economic level through the projects implemented and being completed.

Al-Asadi explained that the agreement is an important instrument to enhance trade and provide a special framework to enhance investments and aims to find a consensual formula without imposing a decision on the opponents.

As for the European Union Ambassador, Thomas Seiber, he said: We seek to grow and develop the economy, and we welcome the initiative of Prime Minister Muhammad Shiaa Al-Sudani, and we find that the signing of the agreement is important and enhances Iraqi economic capabilities. He explained that we are working with the government to create a safe climate to attract investments that achieve sustainable development, pointing out the importance of strengthening Iraqi international relations and that adopting international agreements in Iraq encourages the global economic community to enter Iraq.

The United Nations Resident Representative in Iraq, Oba Lats, explained the importance of the agreement, which comes from the fact that it is concerned with investment and resolving disputes in a quick and uncomplicated time and is low-cost by adopting mediation in a way that suits the interests of investors. https://alsabaah.iq/98637-.html

A New Decline In The Dollar Against The Iraqi Dinar In Baghdad

Market Economy News _ Baghdad The exchange rate of the US dollar against the Iraqi dinar fell on Thursday morning in the markets of Baghdad and in Erbil, the capital of the Kurdistan Region.

Dollar prices recorded a decline with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,150 dinars for every 100 dollars, while yesterday, Wednesday, they recorded 147,650 for every 100 dollars.

Selling prices in banking shops witnessed a decline in the local markets in Baghdad, where the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.

Views 65 Added 06/27/2024 - https://economy-news.net/content.php?id=4466

Iraq's Oil Exports Exceeded 100 Million Barrels In May

2024-06-27 Shafaq News/ The Ministry of Oil announced, on Thursday, the total oil exports achieved for the month of last May, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).

She said in a statement, received by Shafaq News Agency, that the amount of crude oil exports amounted to (104) million, (130) thousand, and (292) barrels.

The statistics indicated that the total quantities of crude oil exported for the month of May from the oil fields in central and southern Iraq amounted to (104) million, (130) thousand, and (292) barrels. LINK

Al-Atwani Calls For Reforming The Tax System In Iraq

Economy , 06/27/2024 Number of readings: 132 Baghdad - Iraq Today: Chairman of the Finance Committee, Atwan Al-Atwani, stressed the need to develop the tax work system and keep up with activities, to contribute to increasing non-oil resources. He also discussed how to provide an environment that helps contribute to increasing income and supplying the general budget with non-oil resources.

The Media Department of the House of Representatives stated in a press statement, “The Chairman of the Finance Committee, Eng. Atwan Al-Atwani, in the presence of Representative Mustafa Al-Karawi, a member of the committee, received the German Agency for International Cooperation (GIZ) project FFM Strengthening Public Financial Management with the support of the German government and the European Union.

The Chairman of the Committee stressed the need to develop the tax work system and keep pace with activities, to contribute to increasing non-oil resources, given that the state relies heavily on oil resources.

For his part, Mustafa Daoud Salman, the agency's representative, spoke about the importance of sustainable financing and following a specific methodology in the tax system and its implementation mechanism, in addition to taking into account the structural structure of tax work, in terms of providing services in exchange for imposing taxes. How to provide a conducive environment to contribute to increasing income and supplying the general budget with non-oil resources was discussed, in accordance with tax standards followed in the world. LINK

Parliament: Amending the investment law will reflect positively on the future

Iraq 06/27/2024 The Investment and Development Committee in the House of Representatives intends to amend the Investment Law, which will reflect positively on this sector.

Committee member Mohammed Al-Ziyadi told Al-Sabah: This law is an important law, as it enables the legislative and executive authorities to provide what is best for this sector, noting that the issue of replacing heads of investment bodies is a matter that falls under the governorate councils.

He added that the legislative authority must implement the tasks of local governments stipulated in the governorate councils law, in addition to the fact that the constitution has fully clarified the tasks and powers of local governments, and therefore what concerns these governments is their own business.

Al-Ziyadi pointed out that the last stage witnessed the absence of the role of the local government, and timid follow-up by the members of the House of Representatives after the task was entrusted to them, but now the law must be implemented in its entirety and the local councils must present something to their people in all governorates and what they deem appropriate by changing or continuing regarding investment bodies. .

He pointed out that we must benefit from the mistakes that occurred in the past to correct the work of investment bodies, explaining that the violations in the work of the bodies, including extending the work of their heads, which some have spoken about, did not exist because this matter is within the authority of the Council of Ministers,

adding that the matter is up to the provincial councils to implement what they see. appropriate according to their powers and do not allow any of the authorities to take away their powers for any reason. Edited by: Adhraa Juma https://alsabaah.iq/98624-.html

Provoking Thoughts and Points To Ponder On Adversity:

Adversity has ever been considered as the state in which a man most easily becomes acquainted with himself, being free from flatterers.-Samuel Johnson

In all things preserve integrity; and the consciousness of thine own uprightness will alleviate the toil of business, soften the hardness of ill-success and disappointments, and give thee an humble confidence before God, when the ingratitude of man, or the iniquity of the times may rob thee of other rewards. -Barbara Paley

He knows not his own strength who hath not met adversity.-Samuel Johnson

Adversity leads us to think properly of our state, and so is most beneficial to us.-Samuel Johnson

In the depth of winter, I finally learned that there was in me an invincible summer.-Albert Camus

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

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CandyKisses: Al-Muthanna Investment: The governorate is witnessing a qualitative boom in the size of projects

Information/Muthanna...The Muthana Investment Authority confirmed on Thursday that the governorate is witnessing a qualitative boom in the size of economic projects during the current period.

The head of the authority, Adel al-Yasiri, told the Information Agency that "the province has dozens of investment projects, including completed and others under construction, which will be completed within specific timetables."He added, "The Muthanna Investment Commission is currently supervising dozens of projects in various vital sectors that drive the economic wheel in the province."

Al-Yasiri pointed out that "all these projects are of great benefit and return to Muthanna in general and to the people of the province by providing job opportunities and implementation with the best engineering specifications required."

CandyKisses: Sudani stresses the importance of developing cooperation with NATO after the end of the mission of the international coalition in Iraq

Shafaq News / Prime Minister Mohammed Shiaa Al-Sudani stressed on Thursday the importance of developing cooperation with NATO after the end of the mission of the international coalition led by the United States of America in Iraq.

This came during his meeting with the commander of the North Atlantic Treaty Organization (NATO) mission in Iraq, General Lucas Schroers, who recently took office, according to a statement issued by the Sudanese media office.

The statement stated that, during the meeting, the security situation in the region was discussed, and the efforts of the mission and its cooperation with the Iraqi security institutions in the field of advice and training were reviewed, and in the field of intelligence coordination towards the prosecution of remnants of remnants of ISIS terrorist gangs.

The statement added that the Prime Minister stressed the importance of developing bilateral cooperation with the mission in the areas of training and information coordination, with the Iraqi armed forces after the end of the international coalition mission in Iraq, in a way that enhances security and helps in the stability of the region.

For his part, General Schroors expressed his thanks to the government, for supporting the mission, and providing the necessary facilities for its work in Iraq, according to the statement.

Earlier this year, the Iraqi Foreign Ministry announced the success of the negotiations with America and the agreement to form a "supreme military committee" to draft a specific and clear timetable that determines the duration of the presence of the advisers of the international coalition in Iraq.

On Wednesday, June 5, a political source was informed, revealed a 40-day deadline granted by armed Iraqi factions to Prime Minister Mohammed Shia Al-Sudani, to resolve the file of removing US forces from the country, promising that otherwise it would resume their attacks against US military forces.

In early February, attacks by armed groups on U.S. forces in Iraq and Syria stopped, after a drone attack killed three U.S. soldiers in Jordan, in response to which the United States carried out air strikes on sites in Iraq and Syria.

In the midst of the new developments, a political source familiar with Shafaq News told Agency that "a number of armed factions have given the Sudanese and his government until mid-July to resolve the file of removing American forces from the country."

The source added, "The factions stipulated the establishment of an announced and binding timetable for the resolvement of this file, and otherwise military operations against American goals and interests in Iraq and the region will be resurred."

On January 30, 2024, the Hezbollah Iraq Brigades announced the cessation of its operations against US forces in order to “not embarrass the Iraqi government,” recommending its fighters “temporarily negative defense.”

Iraqi armed factions launched periodic attacks on US bases in Iraq and Syria, which began in late October 2023, against the backdrop of the Gaza war.

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CandyKisses: Al-Sudani receives the commander of the NATO mission in Iraq

Prime Minister Mohamed Shia Al-Sudani received, on Thursday, the Commander of the North Atlantic Treaty Organization (NATO) Mission in Iraq, General Lucas Schroers, who recently assumed his duties.

During the meeting, they discussed the security situation in the region, and reviewed the mission's efforts and cooperation with Iraqi security institutions in the field of advice and training, and in the field of intelligence coordination towards pursuing the remnants of ISIS terrorist gangs.

The Prime Minister stressed the importance of developing bilateral cooperation with the mission in the fields of training and information coordination with the Iraqi armed forces after the end of the international coalition mission in Iraq, in a way that enhances security and helps stabilize the region.

For his part, General Schroers expressed his thanks to the government for supporting the mission and providing the necessary facilities for its work in Iraq.

Prime Minister's Media Office

27- June- 2024

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Tishwash: European Union: The Iraqi government has achieved development in international investment

The European Union announced, on Wednesday, that the Iraqi government has achieved progress in international investment, while noting that it sets an example of cooperation with international legal standards.

The European Union Ambassador to Iraq, Thomas Seiler, said in his speech during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, entitled (Mediation: New Horizons for Facilitating Business and Retaining Investors in Iraq), followed by “Al-Iqtisad News,” “I congratulate the Iraqi state and business leaders on the great Iraqi achievement.” represented by the signing of the Singapore Agreement on Mediation,” indicating that “this agreement is considered a basic international treaty that seeks to reach a settlement between the conflicting parties.”

He added, "One of the points of importance for the Iraqi government is the development in international investment as well as commercial transactions, taking into account that disputes may arise due to differences between parties across countries. Therefore, when this happens, the parties need an appropriate method to resolve these disputes in an efficient manner and in an appropriate time, and thus mediation."

It is the one who does this, as it provides an opportunity for the parties to resolve the problem effectively when disputes arise. It also gives an opportunity for the parties to maintain working relationships, which is consistent with the best interest of investors as well as local companies who seek to move forward with investment operations, which are extremely important for Iraq.

He explained that "Iraq, by signing the Singapore Convention, has clearly sent a signal about its commitment to developing the mediation infrastructure, and therefore this requires adopting legislation to enforce mediation operations that take place based on approvals issued by Iraqi courts and are applicable to the parties, as well as the list of countries joining this increasing convention, represented recently by the accession of the Kingdom of Saudi Arabia, Turkey, Jordan and Iran."

He continued: “After Iraq ratified the New York Convention 2021, we welcome the great efforts to adopt the mediation law and I believe that it will be launched soon,” noting that “the issue of ratification is very important and therefore the Iraqi government is providing evidence and an example of alignment and cooperation with international legal standards as well as through the adoption of these mechanisms for effective alternative dispute resolution, as they are very important for enhancing investment as well as economic development and stability.”

He pointed out that "Iraq has made great progress in the United Nations program as well as through international programs," stressing "the Iraqi government's continued support for this process link

Iraq Economic News and Points To ponder Wednesday Evening 6-26-24

Experts: The Path To Development Is The Beginning Of An Economic Partnership

Economical 06/26/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists believe that the “development path” represents a qualitative shift in the Iraqi economy and the beginning of a new and important phase, which

qualifies it to be the main point of contact in the issues of trade linkage between the East and West, the Gulf and Europe, in addition to its

strategic and developmental importance and its role in

eliminating unemployment, reviving the labor market and

activating... The wheel of industry.

During the “Development Road” conference organized by Iraq last year,

which witnessed broad international participation that expressed its real desire to participate in the Iraqi strategic project, Prime Minister Muhammad Shia’ al-Sudani affirmed that the “Development Road,” which

extends from the far south of Iraq to Turkey, is an ambitious and thoughtful plan to change... The reality

is towards a solid economic structure, and that the project, with its work platforms,

added value to national and local products, and economic levers, is a

pillar of the sustainable non-oil economy, and a

link that serves Iraq’s neighbors and the region. He added that

Iraq will launch this promising project towards an economic partnership with neighboring countries and the region, which will make Iraq a source of modern industries and goods, and all of this will rely on multimodal corridors, more than 1,200 km of railways, their joint interoperability, and highways.

The Director General of the General Railway Company of the Ministry of Transport, Younis Al-Kaabi, confirmed in a press statement that

“the development road is proceeding at a confident pace, and that

the Supreme Committee discussed in its last meeting the latest developments in the project, as the percentage of railway designs exceeded 76% and the

highway reached approximately 68%, and soil and topographic surveys exceeded 90%.” He stressed that

"the project is receiving international attention, as all countries have a desire to be part, participate or support the project," noting that

"large, reputable international companies have expressed their willingness to work on the project, and this gives more reliability that the project is capable of success."

Economist Dr. Adnan Bahia pointed out in an interview with “Al-Sabah” that

the importance of Iraq lies in its geographical location, a direct link between the Arabian Gulf, Turkey, and then Europe, which qualifies it to be the main and important focal point in issues of commercial connectivity and transit, as well as trade.

He crossed the seas between East and West, thus placing him in the experience of international trade between East and West, the Gulf and Europe. He continued that

after China launched the “Belt and Road” initiative, dozens of countries joined the agreement that revives trade between East and West,

indicating that the “Belt and Road” initiative includes the maritime line represented by trade through ports in the Arabian Sea, the Arabian Gulf and other seas, in addition to land routes. spread in East Asia, then the Middle East towards Europe, expressing his regret that Iraq, for many ill-considered reasons, turned away from this path and did not join the Chinese initiative.

Bahiya considered Iraq’s establishment of an alternative road to the “Belt and Road Initiative,” which is the “development road,” an important initiative, as it links the Arabian Gulf on which it is currently located, and the large Al-Faw port, in which work has reached advanced stages, pointing to the completion of its first phase, which contains Five berths,

in addition to the berths of Umm Qasr Port, Khor Abdullah Port and Al-Zubair Port, all of which are ports that make the country distinguished by the ability to accommodate large ships and deliver goods from the sea to Al-Faw and then to Europe.

He noted the importance of having a new private road with a high capacity to contain large quantities of international trade and unload shipments from ships, and then send them overland to Europe through the “development road” that connects the port of Al-Faw and western Iraq towards the Fish Khabour area on the border between Iraq and Turkey. Close to the Syrian border, then entering Turkey and then to Europe.

For her part, the researcher in economic affairs, Suhad Al-Shammari, in an interview with Al-Sabah, described the “development path” as a qualitative shift in the Iraqi economy, and a new beginning for an important stage, as it brings together important regional partnerships that create common ground that protects interests and develops and maintains relations with neighboring countries.

Al-Shammari added that the development road plays a role in resolving problems and confronting conflicts, as

it is a comprehensive project that starts from the port of Al-Faw and passes through many Iraqi governorates, in addition to transporting passengers and goods more widely and in a shorter time and addresses many problems related to vital sectors in Iraq, stressing that

The strategic project represents Iraq's return to the global platform with a strong economy and expanded investment projects. https://alsabaah.iq/98526-.html

Integrated Projects

Economical 06/26/2024 Walid Khaled Al-Zaidi There is no disagreement about the utmost importance of the issue of integration in implementing development projects and the degree of interconnection between them so that the results are broader in scope, more useful, and of better quality, so that the quality and level of integration become comprehensive and not partial in the form of harmony and interaction in the process that reaches the point of strategic production so that its form has long-term results and is based on implementation.

Multiple projects, such as investing in oil and gas fields and linking them to petrochemical industry projects, and then going further to produce clean energy (for example).

As a matter of objectivity, it must be said that the integrated projects in the field of oil are the most prominent things that can be pushed to be the best examples of this issue,

because oil as a raw material is a necessary raw material for the production of other manufactured materials, as well as gas, some of which is associated with this crude during the extraction operations from The interior of the earth, whether at the level of wells or various fields, as the process of expansion of integration models in oil projects represents a prominent feature because it is a clear and multifaceted indicator of the ability of each country to adopt these projects for development, growth and economic advancement.

Several countries have presented pioneering models in benefiting from the expansion Its projects include extraction stages and then derivation of other materials, leading to the production of materials different from the originally extracted primary material.

Those who follow the situation in Iraq in the field of oil and other mineral resources see an abundance of possibilities for directing the Iraqi economy towards implementing projects with integrated stages, and although this matter requires advanced technology and accumulated experience that makes a difference in production and accommodates various projects,

but those in charge of the Iraqi economy in general and the oil field In particular, they realized the concept of integration in business management and the diversity of its production.

There is no doubt that the focus at the present time is moving towards expanding projects to take advantage of their advantages in product diversity and increasing its activity through additional stages, methods and other complementary processes that can be called project integration and

the addition of new products from The same raw material for what was produced before, which is what the government has currently directed to push towards implementing integrated work in the energy sector and providing means of export for manufactured products to include developing oil and gas fields and linking them to petrochemical projects, clean energy and other materials, and through activating the Al-Faw refinery project as its first stage.

The Al-Faw refinery project will provide means of exporting petroleum products, linked to the petrochemical industries project and a storage project, in addition to many projects that could be complementary and implemented by the Ministry of Oil in multiple regions of the country that have the elements for successful implementation in the governorates of Basra, Maysan, and Dhi Qar.

These projects and others will have a significant impact in achieving Qualitative development and renaissance in the reality of the oil industry and all industries related to it on a broad national scale, based on effective evaluation and productive exchange between the basic units inside Iraq,

in a way that can clearly work on a set of economic measures and transfers, creating close links for promising development, and operating a package of interconnected projects and successive production cycles. To benefit from resources and expand the framework of the benefits of the national economy.

https://alsabaah.iq/98527-.html

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/]

Provoking Thoughts and Points To Ponder On Adversity:

When I was very young, I tried selling used cars. It didn't last long. I guess that was my good luck too, that I didn't show more promise at it, or I might have been an automobile dealer.-King Vidor

Supporting myself at an early age was the best training for life I could have possibly received.-Lea Thompson

In my youth, poverty enriched me, but now I can afford wealth.-Marc Chagall

I'm very grateful that I was too poor to get to art school until I was 21. ... I was old enough when I got there to know how to get something out of it.-Henry Moore

The most valuable gift I ever received was ... the gift of insecurity ... my father left us. My mother's love might not have prepared me for life the way my father's departure did. He forced us out on the road, where we had to earn our bread.-Lillian Gish

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

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Tishwash: Parliamentary Law: Laws awaiting legislation in the next legislative term

Today, Wednesday, the Parliamentary Legal Committee revealed the laws that could be enacted during the next legislative term, while confirming that the drug and drug laws are at the top of these laws.

Committee member Raed al-Maliki told the Maalouma Agency, “There are many important laws waiting to be passed during the next legislative term, most notably the drug, landlord, and intelligence laws.”

He pointed out that "service and economic laws will see the light of day, noting that there are some proposals submitted by representatives that will be included on the Council's agenda during the next legislative term."

He continued, “There is a desire to pass the service and retirement law for members of the Popular Mobilization Forces, in addition to amending the Personal Status Law.” link

Tishwash: Southern anger escalates... protests and closure of government headquarters

Several Iraqi governorates witnessed, on Wednesday morning, demonstrations demanding the provision of basic services, including water and electricity.

In a new escalation of protests in Dhi Qar Governorate, demonstrators closed the governorate’s office building and its council, until demands were met, according to video scenes obtained by Shafaq News Agency.

As for Babylon, dozens of residents of the Khamisiyah and Al-Ghazali areas demonstrated in front of the Babylon Governorate Office, to demand the provision of water to their areas, which suffer from unprecedented scarcity.

The water crisis forced residents to abandon their areas and the agricultural and livestock wealth in the most important agricultural areas south of Babil Governorate was completely destroyed.

The capital, Baghdad, woke up to the launch of two demanding demonstrations in Tahrir Square and in front of the Provincial Council building.

According to Shafaq News Agency correspondent, dozens of “whose appointments were canceled and those fleeing from the Ministry of Defense” gathered in Tahrir Square, to demand their return to service.

In a second demonstration, dozens of educators and administrators gathered near the Baghdad Provincial Council, to demand the issuance of an appointment order for them.

Iraq has been suffering from a chronic electricity shortage for decades, as a result of the siege and successive wars, and residents have been protesting for many years the frequent power outages, especially during the summer, when temperatures sometimes exceed the 50 degree Celsius barrier. link

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CandyKisses: Al-Amiri calls for the removal of foreign forces from Iraq

A statement by the media office of the head of the Nabnani Alliance said that "Amiri received Dorrell, and the meeting discussed many files, most notably the development of relations between the two countries in all fields, especially the economic aspect, especially after the improvement of the security situation and stability, which encourages French companies and their arrival to work and invest in Iraq."

According to the statement, the two sides also discussed the file of the presence of the international coalition, and Al-Amiri stressed the need for all its forces to leave Iraq to achieve full national sovereignty. The meeting also discussed the aggression on Gaza, and Amiri stressed the need to stop Western support for the Zionist massacres and the war of extermination of the Palestinian people.

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Tishwash: A representative points out 7 controversial points that stand before the legislation of the oil and gas law

Member of the Parliamentary Oil and Gas Committee, Representative Ali Al-Mashkoor, confirmed on Tuesday that seven points of contention between the region and the center stand before the legislation of the oil and gas law, indicating that the seven points are administrative and technical.

Al-Mashkoor said in a statement to the Maalouma Agency, “The dialogues between the center and the region regarding agreement on the oil and gas law are still continuing between the technical and administrative committees to discuss the paragraphs of the law proposed by both sides.” “

He added, "The disputed legal materials are summarized in seven points and are distributed between administrative and technical, the most prominent of which is the region's demand to include a clause in which the right of objection (veto) on decisions should be in a small percentage, and this matter is unacceptable by the center.”

Al-Mashkoor pointed out that “no decision can be issued except in the interest of the region at the expense of the general interest of the country.”link

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Ex-Millionaires Are Revealing How They Lost All Their Money, And I'm Actually Speechless

BuzzFeed Tue, June 25, 2024

Reaching millionaire status is a feat people dream of achieving. But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms, who asked people to share how they or someone they knew became an "ex-millionaire." I'm genuinely surprised at how some of these people weren't responsible with their money. Here are some of the most insightful stories:

1."COVID-19. I built a business that was given a valuation of a few million back in January, but the industry went down, and I'm doing all I can now to avoid bankruptcy."

2."I dated a guy who unexpectedly inherited $6 million. His parents had been killed in a drunk driving accident when he was a baby, and so their life insurance and money from a legal settlement sat in an account collecting interest for 18 years. He got a call from a lawyer on his 18th birthday, and that's how he found out about it. He went nuts. Every time I saw him, he had a new car.

He bought an extravagant house and insisted on taking these big vacations. He would go to our local comic shop and buy EVERYTHING. His spending was a major factor in why we broke up. It was all too much, watching him blow through money like that. He didn't invest any of it. He blew through all his money in five years. Last I saw him on Facebook, he was destitute."

3."I built a business worth around $3 million, had a house worth $1.4 million, investments worth more than $2 million, and had four nice cars. Divorce laid me low. An ex-wife, a lawyer, and a judge stripped me of at least 75% of that. I was left with a Miata race car, a bit of money, and 51% of my company.

And I still had to pay alimony. I gave up. I negotiated my way out of alimony by giving up more of the company and liquidating everything else.

I bought a boat and f*cked off. 26 months later, I sailed back into my life and started over. I've earned enough to live a modest retirement, and that's where I am today. Don't get married, boys. I've done it twice. The first time was a disaster, and the second time was an annoyance. Just my opinion and experience."

4."A family member of mine did very well in tech. He was an incredibly smart physicist but a horrible businessman. He retired, having made his millions, then bought a beautiful antique yacht. 10 years later, he's in debt and has struggled to sell the boat for years. His family is so pissed at him. TL;DR: don't buy a boat.

5."I was close to being a millionaire after selling my company to a bigger competitor. I reinvested most of it since I didn't have much use for the money, but then I got scammed for about half a million on buying some real estate.

I basically bought a fantastic holiday destination facility from someone who did not own said fantastic holiday destination facility. And by 'bought,' I mean that I'd put a substantial down payment to keep other interested parties at bay. Classic."

6."My grandfather died and left everything to my mom. Then, my father died and left everything to my mom. Mom always thought she was a smart gambler that would win. As proof, she won maybe $25k from the lottery once and went out and bought a car. After that, she was hooked. When Dad was alive, he didn't let her gamble; he kept it under control. After he died, my mom found a boyfriend — a former bookie who was a 'professional' gambler.

They used to like going to casinos, squandering every penny and more. Then, my mom sold the big house for another $500k and bought a small condo. She took out a home improvement loan for it for $50k, but no improvements were ever made. Casinos and lottery tickets. A cool million or two gone."

To Read More

https://www.yahoo.com/finance/news/ex-millionaires-revealing-lost-money-025602453.html

IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-A surplus is why-Sovereign Funds fill it

MilitiaMan and Crew:

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=bQBDbjG5uBg

KTFA:

BuckeyeTree: IMO, not only Iraq and Iraqis need their new exchange rate, but the world needs for Iraq to activate the new exchange rate with not only the amount of business currently contracted but additional business yet to contract. Business will benefit Iraq and those companies, and the countries connected with them will benefit. There are many inter-connections.

Sudani was talking about Iraq and sports interests which will bring more tourism and internationalism because Iraq has security and stability. It is an exciting time for renewal and becoming part of the First World for Iraq and Iraqis.

Therefore, IMO, the phrase at any moment fits even if it may be days away, but difficult to imagine the wait being weeks or months, not with new ATMs out in place and many of them. If the educational videos were made end of April just after US trip, the near proximal future seems to be not too far off, IMO, and July is almost here.

We have the Liberty Bell in Philadelphia engraved with words from the Bible which include "Proclaim liberty throughout the Land and to all the inhabitants thereof." The upcoming period IMO will be a time of great prosperity and freedom from terror for Iraqi people. We wait to hear what is next on Iraq TV from Eddie plus bank friend. We will celebrate when the mission is accomplished. Can you imagine the celebration that will be in Iraq. IMO……Praise God.

Clare: Basra Council: We are serious about activating the law on Basra, the economic capital of Iraq

6/24/2024

The Basra Governorate Council confirmed its intention "to activate the law on Basra, the economic capital of Iraq, pointing to discussing the issue with the Prime Minister in order to activate this law."

The head of the Council’s Finance and Administrative Committee, Shukr Al-Amiri, said, “This is an attractive factor for foreign investment companies, given that Basra will be a corridor for international trade,” indicating that all of this encourages the economy, develops trade, and also provides job opportunities for many unemployed youth. .

Al-Amiri explained that the seventh economic conference in Basra Governorate comes in order to focus on economic activity in the governorate.LINK

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Clare: Prime Minister: Establishing the values ​​of truth, social justice, and equality of Imam Ali (peace be upon him) will be the approach of our government

Baghdad -

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the values ​​of truth, social justice and equality of Imam Ali (peace be upon him) will be the approach of our government.

The Prime Minister said in a tweet followed by the Iraqi News Agency (INA): “I extend my sincere congratulations to our people and the Islamic nation, on the occasion of the blessed Eid Al-Ghadir, asking God Almighty to grant our country goodness, love, tolerance, and more progress and prosperity.”

He added: "By making Eid al-Ghadir an official holiday and a national occasion for all Iraqis, we are all recalling the lessons contained in the fragrant biography of Imam Ali bin Abi Talib (peace be upon him) in establishing the values ​​of truth, social justice and equality, to be an approach for our government and a path to achieve the interests of our people." . LINK

Clare: A new Iraqi plan to return the green bird to the skies of Europe again

6/25/2024

The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again.

The Director General of Iraqi Airways, Manaf Abdel Moneim, said in a statement followed by Mawazine News, “The company resorted to a system called (wet leasing) to operate flights and transport Iraqis to Europe in light of the imposed embargo, and we relied on a plane leased from another country that is not subject to the embargo. For a period of 6 months, then the contract was terminated.”

He added, "During that period, we prepared an alternative plan to operate Iraqi aircraft to Europe through the 83 BIS Protocol, which means operating our aircraft under the umbrella of the aviation authority of another country that is not prohibited, and we contracted with Turkey, but we were surprised by Turkey's withdrawal and the refusal of the Turkish Civil Aviation Authority, as a result of the lack of interaction."

The Iraqi Aviation Authority corresponded with its Turkish counterpart, and the latter submitted a low evaluation report to the Iraqi Aviation Authority, and said, “We will not operate aircraft with this system.”

The director of the airlines continued, “After the Turkish Aviation Authority’s refusal, we resorted to the third alternative, which is registering the Iraqi aircraft with a state.” Others are not banned, just registration and not sale, and thus we can use its license to fly and operate our planes to Europe, but during that we received offers and emails from European countries that are not banned, to operate our planes under their umbrella,” pointing out that “the Iraqi Airways Company is continuing with this.” direction". LINK

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Clare: Parliamentary Finance for / Nina /: There is no real deficit in the general budget and its schedules

6/25/2024

The Parliamentary Finance Committee confirmed that there is no real deficit in the tables of the general budget law approved by the House of Representatives.

The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, said in a statement to the National Iraqi News Agency (NINA), that “the existence of a deficit in the budgets is within the usual ceiling, and this is called a planned deficit, not a real deficit that is not being implemented. Therefore, in this 2024 budget, the value of the deficit was 64 trillion dinars.” .

She added, "The House of Representatives approved the 2023 budget worth 199 trillion dinars, in which the actual expenditure to date amounted to approximately 150 trillion dinars, and therefore 49 trillion dinars is a planned deficit."

The Vice-Chairman of the Finance Committee confirmed, “The government and the Ministry of Finance addressed that deficit through the difference in the price of a barrel of oil, which the budget estimated at $70 and is currently sold for about $80, meaning a total of 16 trillion dinars, in addition to treasury bonds worth 20 trillion dinars and loans worth 5 trillion dinars.”

And a set of measures will cover the value of the deficit, and this was attached to the budget tables sent by the government and approved by the House of Representatives,” indicating that “there was no real deficit in the general budget and its tables, but it was only a planned deficit.” LINK

Iraq Economic News and Points To Ponder Tuesday Evening 6-25-24

Professional Ethics: Theoretical And Methodological Imperatives And Economic Transformation

Economy News – Baghdad Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi

It considers modern ideas about the concept, essence and structure of professional ethics, examines its main categories and problems, and determines its relationship to the general theory of ethics.

It is worth noting that there are common phrases on the subject of professional ethics: professional ethics, professional ethics, professionalism, moral values, and professional behavior.

Ethics emerged as a philosophical science in the middle of the first millennium BC. Because of the need to formalize ethical standards which was the result of the separation of theoretical spiritual activities from practical material activities.

One of the types of material and practical human activity was professional activity. Therefore, even in ancient times, professional ethics arose as an integral part of general ethical theory. Its emergence was due to the emergence of professional ethics and values.

The existence of a special professional ethics in society is a direct result of the historically established professional division and development of labor: professional specialists who know how to do what others cannot do are given certain responsibilities in relation to those who use their services, and this requires the development of special rules, charters and values, Able to support the moral position of professional groups in society, inspire confidence in them and provide moral preconditions for their development.

A good example of this topic is the famous Hippocratic Oath, the prototype of which was the Oath of the ancient Greek doctors Asclepiade.

In addition to the norms that regulate the relationship of the profession with society, the demands directed to each other within professional groups were also formed.

As an example, we can cite the laws that determined the life of workshops in the cities of Western Europe in the thirteenth and fourteenth centuries. It included a number of rules that put community members on an equal footing in terms of purchasing and processing raw materials, training and developing the capabilities of trainees and trainers, distributing orders, etc.

As well as the fundamental economic content of regulation within shops and industrial economic units, which sought to prevent the accumulation of capital and the development of free competition, it also contained a moral aspect to some extent.

With the development and complexity of social relations, with the identification of an increasing number of individual specialties and professions, the need for professional ethics has grown as a special area of ​​moral knowledge designed to regulate relations between people in any particular profession.

The need for specific ethical requirements and, hence, special professional ethics, is manifested primarily in social-humanitarian professions, in professions of the “person-to-person” type, the main content of which is education and satisfaction of the needs of the individual.

Professional and ethical norms are also being developed in those types of activities associated with the performance of socially important and necessary functions - in the organization of the civil service, in the service sector, commercial, industrial, agricultural, etc.

Professional ethics are also shaped in other professions; It also develops ethical relationships between professionals, society, managers, subordinates and other employees. These relationships are subject to professional ethics. With the development of modern administrative structure and work organization, increasing importance is given to the development of rules of administrative ethics and management ethics.

The emergence and development of such standards and corresponding motives of behavior and professional assessments is one of the directions of the moral development of humanity.

Despite the universal nature of ethical requirements and the existence of uniform business ethics, specific behavioral and value codes have been identified for an increasing number of types of professional activity.

Especially in the reality of economic and professional transformations in Iraq, and the importance of preparing, organizing and approving a guide to professional ethics and conduct procedures and its pioneering role in development and economic renaissance. Views 141 06/25/2024 https://economy-news.net/content.php?id=44601

A Parliamentary Committee Recommends That The Ministries Of Finance And Planning Issue Instructions For Implementing The 2024 Budget Schedules

Money and business Economy News _ Baghdad Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.

Committee member Nazem Al-Shibli said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the budget is considered effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget does not There are no complaints and appeals every year, but the court is the one that decides the validity of implementation or legislation.”

He added that "the court will hear all appeals," pointing out that "the budget is subject to appeal in the event of any party objecting to a part of it," noting that "all appeals are normal and do not rise to the rejection of some paragraphs."

It is noteworthy that the House of Representatives voted earlier on the amended schedules of the Federal Budget Law No. (13) for the year 2024 and its annexed schedules (A/B/C/D/E/F).06/25/2024 - https://economy-news.net/content.php?id=44597

A Slight Increase In Global Oil Prices

Tuesday 25, June 2024 | Economical Number of readings: 289 Baghdad / NINA / Oil prices recorded a slight increase. Brent crude futures for August delivery rose seven cents, or 0.08%, to $86.06 per barrel by 00:15 GMT, before the contract expires later this week. The most actively traded September contract rose 8 cents, or 0.09%, to $85.23.

US crude futures rose 11 cents, or 0.13%, to $81.74 a barrel, and both benchmarks rose about 3% last week, achieving gains for two consecutive weeks.

US crude oil inventories are expected to decline by three million barrels in the week ending June 21. Gasoline stocks are also expected to decline, while distillate stocks are likely to rise. According to Reuters. https://ninanews.com/Website/News/Details?key=1133975

Decrease In Dollar Exchange Rates In Local Markets In Baghdad

Economy | 06/25/2024 Baghdad - Mawazine News Dollar prices fell in Baghdad markets, today, Tuesday, with the closure of the two main stock exchanges in the country.

Dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,750 dinars against 100 dollars, while this morning it recorded 147,900 dinars against 100 dollars.

Selling prices in the field of banking in the local markets in Baghdad were stable, as the selling price reached 148,750 Iraqi dinars for 100 dollars, while the purchase price reached 146,750 dinars for 100 dollars. https://www.mawazin.net/Details.aspx?jimare=250231

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Character:

A person's reputation is a mixture of what his friends, enemies, and relatives say behind his back. -Anonymous

Always do right. This will gratify some people, and astonish the rest.-Mark Twain

He's an honest man - you could shoot craps with him over the telephone.-Earl Wilson

The man whose conscience never troubles him must have it pretty well trained.-Anonymous

Conscience is a treacherous thing, and mine behaves badly whenever there is a serious danger of being found out.-Margaret Lane

Too often when conscience tries to speak, the line seems to be busy.-Anonymous

He liked to like people, therefore people liked him.-Mark Twain

Generous people are rarely mentally ill people.-Karl Menninger

When wealth is lost, nothing is lost; When health is lost, something is lost; When character is lost, all is lost!-Anonymous

The great hope of society is individual character.-William Ellery Channing

You must look into people as well as at them.-Lord Chesterfield

Human improvement is from within outward.-James Froude

Talent is nurtured in solitude; character is formed in the stormy billows of the world.-Goethe

http://famousquotesandauthors.com/topics/character_quotes.html

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-25-24

What Do Investments In Iraq Mean Politically And Economically?

June 24, 2024 Baghdad/Iraq Observer Thehigh level of Arab and international investment optimism constitutes a new support factor for the economic renaissance in Iraq, while observers praised the government measures taken to support investment and economic reform together, which is witnessing significant growth after overcoming many obstacles.

Arab and foreign demand for investment in Iraq has shown an acceleration in growth since 2024, with significant Iraqi support being provided in light of political stability in the country.

They stated:

“Any trend towards locally made materials, such as construction industries such as rebar, cement, sand, wood, etc., which led to their local rise, and so on, are requirements that go towards keeping exchange rates within their rates and not decreasing them.”

Today, selling prices in money exchange shops in local markets in Baghdad were 148,000 dinars for 100 dollars, while purchasing prices reached 146,000 dinars for 100 dollars. https://observeriraq.net/ماذا-تعني-الاستثمارات-في-العراق-سياسي/

Laundering Corruption Money Raises Baghdad Real Estate... Questions About The Source Of Purchasing Power

Baghdad today – Baghdad Economic affairs researcher Mustafa Akram Hantoush confirmed today, Sunday (June 23, 2024), that

the rise in real estate prices in some areas of the capital, Baghdad, is due to money laundering, considering that the Baghdad Municipality’s approval of the area to be 200 meters or less is considered a violation, and also caused an increase in prices. Real estate. Hantoush told “Baghdad Today” that

“thereal estate file in Iraq has become a very complex file and contains clear errors, and

there are also government decisions that have contributed to the rise in real estate prices, including the Baghdad Municipality approving an area of ​​200 square meters for the house as a basic design and there is a separate bond, especially

This square has become unavailable in most areas of Baghdad, except in some upscale areas.” He stated,

"TheCentral Bank of Iraq recently took a correct decision, that any house valued at more than 250 million before the tax must deposit the amounts in a bank until it is known where the source of that money comes from.

This is one of the ways to combat and limit money laundering through purchasing real estate.". He added,

"In areas that are witnessing a crazy rise in real estate prices, with the square meter reaching approximately 12 million or more, real estate there must be monitored, as

this rise may be caused by money laundering, especially since there is no such purchasing power in areas that are originally residential and not commercial." The researcher in the economic affairs continued,

“Working to register one or two houses in the name of one person is considered a reactionary law.

There is no harm in anyone owning dozens of houses if the source of his money is known.

We do not expect that such decisions, if there is a trend towards them, will not limit the rise in Prices at all, but may even have negative consequences.”

https://baghdadtoday.news/252066-غسيل-أموال-الفساد-يرفع-عقارات-بغداد.-تساؤلات-عن-مصدر-القوة-الشرائية.html

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points to Ponder on Wealth

It is wealth to be content.-Lao-Tzu

Who is rich? He that rejoices in his portion.-Benjamin Franklin

If you're happy, you're wealthy! Happiness doesn't need a bank account.-Sr. Mary Christelle Macaluso

Wealth ... is a relative thing since he that has little and wants less is richer than he that has much but wants more.-Charles Caleb Colton

Sometimes when you have everything, you can't really tell what matters.-Christina Onassis

The only question with wealth is what you do with it.-John D. Rockefeller

The rich man is not one who is in possession of much, but one who gives much. -Saint John Chrysostom

http://famousquotesandauthors.com/topics/wealth_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

30 Countries ditch US dollar: What Next?

Fastepo: 6-25-2024

Nations and regional alliances are increasingly moving away from the US dollar for their trade transactions, a process termed de-dollarization.

This trend seeks to decrease dependence on a single currency, thereby enhancing economic stability by employing a variety of local currencies.

By prioritizing their own currencies, countries aim to mitigate geopolitical risks and bolster their domestic economies.

This ongoing shift is transforming global trade and financial systems, potentially reducing the global dominance of the US dollar.

In this video, we examine the recent trend among various nations to decrease their dependency on the US dollar for international transactions.

We investigate the reasons driving these decisions and offer insights into their economic strategies.

Additionally, we focus on de-dollarization efforts within the BRICS+ bloc, highlighting significant steps these countries have taken to diversify the currencies used in global trade.

https://www.youtube.com/watch?v=C_cl2D8qg5c

LIVE! The U.S. e-CON-omic CON-JOB Is Worsening FASTER! EXPECT A HIGHER STOCK MARKET.

Greg Mannarino: 6-25-2024

https://www.youtube.com/watch?v=T_kPH_iMZ64

ALERT: FDIC Slams Big Banks for MASSIVE Risks

Taylor Kenny: 6-25-2024

The FDIC has raised alarms over major banks' emergency plans, concerns mount over the scale of derivative exposure in the financial sector, and questions emerge about the adequacy of deposit insurance amid banking uncertainties.

With whispers of a potential global financial shake-up, what do the experts know that we don't?

https://www.youtube.com/watch?v=1lP9qfWgRws