TLM724 Administrator BondLady’s Corner
Falling Global Oil Prices
Tuesday 31 August 2021 09:21 | Economic Number of readings: 392 Baghdad / NINA / – Global oil prices fell today, Tuesday. Brent crude futures were down 17 cents, or 0.23%, at $73.24 a barrel, after rising nearly 1% on Monday. US West Texas Intermediate crude futures fell 13 cents, or 0.19 percent, to $69.09 a barrel.
Hurricane Ida shutdown or curtailed production at six Louisiana refineries that process 1.92 million barrels per day of crude, about 12% of US refining capacity.
On the other hand, limiting oil prices is the possibility of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreeing to press ahead with plans to add another 400,000 barrels of supply each month through December. https://ninanews.com/Website/News/Details?key=924655
Planning Announces A Package Of New Laws To Support The Private Sector
Planning Minister Khaled Battal Al-Najm
Money and business Economy News – Baghdad Minister of Planning Khaled Battal announced, on Tuesday, that the government is now working on preparing a number of economic laws, which will contribute to supporting the private sector.
A statement by the ministry, which was reviewed by “Economy News”, stated that “the Sector Development Council, headed by the Minister of Planning, Khaled Batal Al-Najm, held its regular meeting for the month of August 2021, today, Tuesday, and the minister stressed at the beginning of the meeting the vital role of the private sector, in the process of achieving development and advancement. the national economy.”
And the minister indicated that “this importance requires providing more support to this sector, through the law that is being prepared based on the visions and proposals presented by the concerned representatives of the private sector itself,” noting “the need to adopt development trends that support economic diplomacy at both levels.” internal and external”.
The minister pointed out that “the government is now working on preparing a number of economic laws, which will contribute to supporting the private sector, as well as working to simplify procedures in order to create an attractive investment environment.”
The statement continued, “The Private Sector Development Council discussed, at its meeting, issues on the agenda, including mechanisms for developing the agricultural sector, and developing work in the tourism, insurance and mills sectors in Iraq.”
The statement concluded, “The attendees also discussed the modified mechanism for the work of the Private Sector Development Council, and mechanisms to support the private industrial sector.”
Views 77 Date Added 08/31/2021 https://economy-news.net/content.php?id=26151
Italy Intends To Implement Strategic Projects In Iraq
Economie| 02:55 – 31/08/2021 Baghdad – Mawazine News, the Italian ambassador to Iraq, Bruno Antonio, confirmed, on Tuesday, that there are efforts to implement strategic projects in Iraq, while noting that Iraqi engineers are managing the dam.
Antonio said, according to the official media, that “Pope Francis’ visit to the historic city of Ur was important,” noting that “Italy is working with the Ministry of Transport to reach the implementation of the FAO project to link railways and trains, as well as the highway.”
He explained that “the Italian company has completed its work in the Mosul Dam, especially since Italy has trained 230 Iraqi engineers and they are now ready to work in the dam.”
He pointed out that “the Italian companies are present in the governorates of Basra and Dhi Qar and are working to train Iraqi engineers and technicians and develop their skills.” Ended 29/A43
https://www.mawazin.net/Details.aspx?jimare=165744
Knowledge Economy
Tuesday 31 August 2021 123 Dr.. Mustafa Kamel Rashid
Nations are measured by their wealth of economic resources, material capabilities, their ability to manage crises and create the future, and the success of their performance in supporting local energies. The recurrence of external crises and the increase in their severity prompted the countries of the world to change their strategy in building expectations about the future and their preparations in mobilizing economic resources.
Therefore, most countries of the world have been isolating the influence of rentier resources and moving towards the other side of the equation, which is the human element. It is the decision maker, and is able to build distinct economic surpluses and is able to repel the attacks of crises and internal and external turmoil.
Building a knowledge economy requires a long-term investment that starts from kindergarten and then primary education to university education. Through it, generation after generation is built, educated and mature, able to think extensively to solve problems and obstacles, have insight into resource management and achieve gratification, able to lead in an outstanding and creative manner, with scientific outputs and outstanding practical contributions.
This element has proven over decades its determination to defeat all the problems and difficulties it faces, and is able to determine its fate well despite all the obstacles it faces. The epidemic, and that the cognitive focus is the one who created the solution by creating vaccines that would weaken this enemy and reduce its ferocity in the mastery of the human race.
Iraq enjoys lofty and creative minds, but it needs the opportunity to see the light, especially as it is on the cusp of what is known as the stage of the demographic boom, as young people receive the largest share of the population. Preparing this population group well enables Iraq to access the knowledge economy, and the decision maker must take care of all age groups, the most important of which is the new generation, which will be a maker of the future, in light of the difficult circumstances that Iraq is experiencing.
The structure of schools and universities is destroyed and does not enjoy local or international support, and the spread of poverty has forced many students to leave school to engage in business in order to secure a livelihood for their families, and a severe weakness in research centers across the country, and thus increased and expanded ignorance and lack of knowledge, which threatens With an unknown future in light of a clear neglect of the knowledge economy, and societal values took the direction of protecting ignorance and honoring it as a lofty goal in light of a broken economy unable to confront tomorrow.
Issue (4645) Of The Iraqi Gazette, Issued On 08/23/21, Was Published
1- Law No. (27) of 2021 “ratifying the air transport agreement between the government of the Republic of Iraq and the government of the Kingdom of Saudi Arabia.”
2- Republican Decree No. (41) of 2021.
3- Decision issued by the Committee to Freeze Terrorist Funds No. (19) for the year 2021.
Those wishing to acquire a copy of the Iraqi Gazetteer can refer to the Iraqi Gazetteer Department located in Al-Salihiya / Haifa Street (Ministry of Justice Building), and obtain the required number.
