Friday, November 3, 2023
"RV UPDATE" BY RAYREN98, NADER FROM MID EAST & CLARE, 3 NOV
RayRen98
BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY!
Nader From The Mid EastNEWS ANALYSIS OF MNT GOAT, 3 NOV
NEARLY TEN BILLION DOLLARS IN IRAQI OIL REVENUES LAST MONTH
The Iraqi Ministry of Oil announced, on Wednesday, the preliminary statistics of the quantities of crude oil exported and the revenues achieved for the month of last October.
The Ministry stated in a statement received by Shafaq News Agency that, according to preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, the total amount of crude oil exports reached 109 million and 545 thousand and 589 barrels, with revenues amounting to 9.669 billion dollars.
It showed that the total quantities exported from the oil fields in central and southern Iraq amounted to 108 million and 50 thousand and 360 barrels, while the quantities exported to Jordan amounted to 464 thousand and 728 barrels, while exports from the Qayyarah field in Nineveh were 1 million and 30 thousand and 501 barrels.
The ministry explained that the average daily quantities exported amounted to three million and 533 thousand barrels per day, with an average price per barrel of $88.26.
(Yes, and still the dinar is at 1/6 of a penny. How outrageous is this that they still continue to manipulate the dollar in Iraq. We will see what happens in January when the CBI has reported they plan to cut off all dollars for imports. The dollars will dry up. So get ready Iraq…)
Lavrov-Al-Sabah Talks: A Crucial Interplay Amidst Middle Eastern Conflicts, 3 NOV
Lavrov-Al-Sabah Talks: A Crucial Interplay Amidst Middle Eastern Conflicts, 3 NOV
Unveiling the curtain, it is reported that Russian Foreign Minister Sergey Lavrovand Kuwait’s Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah have engaged in significant talks in Moscow. With the details yet to see the light of the day, the meeting marks a crucial juncture amidst the swirling geopolitical currents in the region.
Interpreting the Diplomatic Silence
The hush surrounding the Lavrov-Al-Sabah meeting comes amidst a tempestuous Middle Eastern scenario, grappling with the Israeli-Palestinian conflict and the crisis in Ukraine. Both ministers are anticipated to have delved into these pressing issues, probing potential corridors for cooperation and resolution. The sealed lips on the details hint towards sensitive matters being addressed, possibly culminating in agreements or understandings.
A Dive into the Probable Agenda
The Israeli-Palestinian conflict, with Russia’s active mediation efforts and Kuwait’s staunch support for the Palestinian cause, might have dominated the discussions. In the light of Russia’s call for halting violence and reviving negotiations, and Kuwait’s humanitarian aid to Palestinians, the ministers may have dissected strategies to pacify the situation and steer towards peace. The storm in Ukraine, triggered by Russia’s invasion, and the consequent global disquiet could have also surfaced in the talks. With Kuwait standing in solidarity with the global condemnation of Russia’s actions, discussions on Ukraine’s crisis and diplomatic solutions to it are plausible.
Kuwait: The Pivotal Player
The Lavrov-Al-Sabah meeting underscores Kuwait’s escalating significance in the geopolitical chessboard. Its neutral stance in regional disputes, coupled with its constructive mediation and close ties with both Russia and the US, positions it uniquely for facilitating dialogues and negotiations. Lavrov’s choice of meeting Al-Sabah underlines Russia’s appreciation of Kuwait’s viewpoint and its intent to involve it in crucial regional matters.
Unchartered Terrains of Discussion
Besides the highlighted areas, the ministers might have traversed through the terrains of other regional developments like the situations in Syria and Iraq. With Russia and Kuwait’s involvement in stabilizing these nations and combating terrorism, they might have brainstormed on strengthening their collaboration against extremist threats and fostering regional stability.
The Lavrov-Al-Sabah dialogue, thus, underpins the essence of engagement in resolving regional conflicts. It echoes the call for international cohesion in tackling intricate geopolitical issues. Though the cloak over the discussions persists, Russia and Kuwait’s commitment to peaceful resolutions to Middle Eastern challenges is evident. The ripple effect of their talks may resonate throughout the region and the global community.
Finance announces an extension of the period of availability of reconstruction bonds to citizens and clarifies the mechanism for purchasing them, 3 NOV
Finance announces an extension of the period of availability of reconstruction bonds to citizens and clarifies the mechanism for purchasing them
“The Ministry of Finance, in its contribution to providing investment opportunities for citizens and achieving economic stability, announces the continued availability of Emaar bonds to citizens, until Thursday, November 9, 2023,” according to a statement from the Ministry that the “Information” Agency received.
“The details of the bonds offered are: “, the announcement said.
-There are two types of the initial issue of bonds valued at 1.5 trillion Iraqi dinars that may be traded on the Iraq Stock Exchange:
-The first is available for (500,000) five hundred thousand dinars, with a two-year term and a 6% annual interest rate.
The second price is one million dinars, with a four-year term and an annual interest rate of 8%.
According to General Federal Budget Law No. 13 of 2023, there are no taxes associated with the purchase or trading of the issued bonds.
He went on, “The application process for buying the bond is as follows:
-Those who want to buy bonds can apply directly to one of the banks that have been approved, providing their original identity credentials.
-The bank will provide the buyer with a receipt for the amount he paid to buy the bond.
The buyer retains the receipt until the bond is ready, at which point they take the previously stated receipt to the bank to pick up the bond.
