Iraqi Economic News & Points to Ponder Late Friday Evening  9-15-23

Tlm724 Administrator Bondlady’s Corner

The Kurdish Delegation: These Are The Results Of The Meetings With The Presidencies And Leaders Of The Political Blocs

Friday 15, September 2023 11:07 | Political Number of readings: 517   Baghdad / NINA / The delegation of the Kurdistan Regional Government revealed the results of its meetings with the presidencies and political leaders in the capital, Baghdad.

The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, said, during a press conference at Baghdad International Airport early in the morning on Friday, that “the delegation of the Kurdistan Regional Government held extensive and lengthy discussions with the Prime Minister, the President of the Republic, the Speaker of Parliament, and leaders of other political parties.”

 He added, “The delegation proposed He presented two proposals, one short-term and the other long-term, to provide financial dues to Kurdistan,” indicating that “the long-term solution may require legislation and some changes and amendments to some laws, and we will work on it later.” He continued to say, “The current solution is linked to the Iraqi Council of Ministers meeting next Sunday, May 17.

” This September,” noting: “There is good news and a solution to the current problems as soon as possible.”   https://ninanews.com/Website/News/Details?key=1077901

Oil Prices Jump To The Highest Level In 10 Months

Economy | 09:21 - 09/15/2023  Baghdad - Mawazine News  Oil prices rose to their highest level in 10 months in early trading on Friday, after China reduced banks’ cash reserve requirements to boost its economic recovery, and amid expectations that the cycle of raising global interest rates will soon end.

Tina Teng, an analyst at CMC, said that reducing mandatory reserve requirements in China contributed to raising the prices of energy and industrial metals in general, adding that Chinese industrial production and retail sales data may be a market driver later on Friday.

As Edward Moya, an analyst at OANDA, said, “Betting on oil has become a favorite trade on Wall Street. No one doubts that the OPEC+ decision at the end of last month will keep the oil market in a very tight state in the fourth quarter.”

By 0303 GMT, Brent crude rose 63 cents, equivalent to 0.6 percent, to $94.31 a barrel, while US West Texas Intermediate crude rose 0.8 percent to $90.86. This is the highest trading level for the two benchmarks since November.

Ongoing concerns about supply, and expectations that the US central bank will keep interest rates unchanged, have put oil prices on track to close higher for the third week in a row.

Higher interest rates increase borrowing costs for businesses and consumers, which may slow economic growth and reduce demand for oil.    https://www.mawazin.net/Details.aspx?jimare=235002

Instead Of The President Of The Republic, The Sudanese Participates In The United Nations General Assembly Meeting

Political | 12:41 - 09/15/2023  Baghdad - Mawazine News An informed source reported that Prime Minister Muhammad Shiaa Al-Sudani is scheduled to participate in the annual meeting of the United Nations General Assembly next week.

The source said in an interview with Mawazine News, “Prime Minister Muhammad Shiaa Al-Sudani is scheduled to participate, instead of President Abdul Latif Rashid, in the annual meeting of the United Nations General Assembly, next week.”

The United Nations General Assembly meeting scheduled to be held on Monday, September 18, 2023, will be held at the organization’s headquarters in New York City, and Al-Sudani will deliver Iraq’s speech there.   https://www.mawazin.net/Details.aspx?jimare=235012

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Points to Ponder onThe 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.

Ralph Marston