Wednesday, January 24, 2024
Tuesday, January 23, 2024
Despite the international economic downturn. Iraq makes progress in global social progress index, 24 JAN
Despite the international economic downturn. Iraq makes progress in global social progress index, 24 JAN
Mawazine News – Baghdad
Kuwait, the United Arab Emirates, Qatar, Oman, Egypt and Iraq have made progress in the progress index, as these countries have already ranked successively, 55, 68, 90, 80, 113 and 118 globally, while Lebanon recorded a decline in this ranking, as it previously occupied 89th, as well as the case of Jordan, Tunisia, Algeria and Morocco, which were successively ranked 82nd, 72, 95 and 100.
Kuwait maintained its ranking in the first place in the Arab world social rankings, issued by the Washington-based non-profit Social Progress Imperial, followed by the United Arab Emirates and Qatar, while Denmark topped the list globally of 170 countries, followed by Norway and Finland.
In its classification of countries, the Social Progress Index is based on 3 basic indicators: basic human needs, the foundations of a decent living, and opportunities.
Each of these indicators is calculated based on 4 factors with equal weight ratios, with a result between zero and one hundred, as stated in the bulletin prepared by the Economic Research Unit at the Lebanese Credit Bank, so that the basic human needs index includes, for example, nutrition factor, basic medical care, water and sanitation, shelter, and personal safety.
As for the indicator of the foundations of living well, it covers the aspects of the availability of basic knowledge, information and communication, health, and environmental quality, while the opportunity index deals with: personal rights, personal freedom, freedom of choice, acceptance of the other and inclusion, and the ability to benefit from higher education.
The global average for 2024, scored 63.44 in the Social Progress Index, and the best performance in the Basic Human Needs Index with a score of 77.04, then the Decent Living Index with a score of 61.52 and the Opportunities Index with a score of 51.76.
The report pointed out that the best result emerged in the shelter standard (80.34), followed by the water and sanitation factor (79.23) and the nutrition and basic medical care factor (77.04), while the worst performance of the global average of the index came under the standard of environmental quality factor (48.97) and the access factor to advanced education (43.04).
The results.. In the numbers
The Social Progress Index helps to understand how people live in the countries of the world, and how to accelerate progress. In its latest report, it revealed that 61 countries have witnessed a significant decline in their social progress in 2023, while another 77 countries are suffering from social recession, and barely 32 countries have made real progress. As a result, it was concluded that four out of five people in the world live in a country where social progress is stagnant or decline.
In numbers, Kuwait scored 73.44 points out of a hundred points, ranked 48th in the world, and in details it received 92.27 points in the basic human needs index, 71.42 points in the welfare foundations index, and 58.64 points in the opportunities index.
While the UAE scored 72.92 points ranked 51st in the world, and won 89.27 points in the Basic Human Needs Index, 75.56 points in the Foundations of Decent Living Index, and 53.93 points in the Opportunities Index.
Qatar ranked 65th in the world with 69.29 points, with 90.02 points in the Basic Human Needs Index, 67.86 points in the Living Well Foundations Index and 49.98 points in the Opportunities Index.
The authority of Oman ranked fourth regionally and 68 in the world, and received 68.52 points in the Social Progress Index, while it scored 87.08 points in the Basic Human Needs Index, 67.14 points in the Foundations of Decener Living Index, and 51.34 points in the Opportunities Index.
As for Jordan, it ranked fifth regionally and 84th in the world, followed by Bahrain, which ranked 89th in the world, followed by Saudi Arabia in 90th place, then Tunisia in 91st, Lebanon in 96th, Algeria 97th, Morocco 101st, Egypt 108th, Iraq 113th, Libya 115th, Syria 139th, Mauritania and Sudan 147th and 155th.
The latter ranks were for African countries, with Chad ranked 168th, Central Africa 169th and South Sudan last.
"RV UPDATE" BY CLARE, 24 JAN
Clare
Article: "Dollar prices decline in Baghdad and Erbil with the closure"
WORLD ECONOMIC FORUM ANNUAL MEETING
ACHIEVING SECURITY AND COOPERATION IN A FRACTURED WORLD
A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq
January 18, 2024 10:30–11:00 CET
A conversation with Mohammed Shyaa Al Sudani, Prime Minister of Iraq
Simultaneous interpretation in English and Arabic>
Centre for Regions, Trade and Geopolitics
The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades.
Public Speakers
Mohammed Shyaa Al Sudani
Prime Minister of Iraq, Office of the Prime Minister of Iraq
John Harris- Founding Editor, Politico
https://www.weforum.org/events.....r-of-iraq/
Clare: International Finance Corporation: We want to expand our business in Iraq as an investment region
1/17/2024 Baghdad
The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”
The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."
Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”
For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it. LINK
https://dinarevaluation.blogspot.com/2024/01/analysis-of-iraq-news-by-clare-18-jan.html
Article: "The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization" Quote: "... Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains."
Article: "Al-Sudani leaves Baghdad for Switzerland to attend the Davos Forum" Quote: "On Monday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, for Switzerland to participate in the 54th session of the Davos Economic Forum."
Article: "With the exception of Iraq...the World Bank announces a rise in food sector inflation in the world" Quote "...the International Monetary Fund announced a decrease in the inflation rate in Iraq, which is expected to stabilize due to the policy of the Central Bank of Iraq and the impact resulting from raising the exchange rate of the Iraqi dinar..."
"RV UPDATE" BY CLARE, 9 JAN
Clare
Article: "An Iraqi delegation heads to Washington within days, followed by a visit to Sudan" Quote: "Iraqi delegation will head to Washington within days, followed by a visit by Prime Minister Muhammad Shiaa Al-Sudani."
Article: "Selling an Iraqi currency dating back to the era of “King Ghazi” for 100 thousand pounds sterling" Quote: "A very rare Iraqi currency dating back to the royal era was sold in the country, today, Monday, at a fantastic price of 100,000 pounds sterling, or approximately 187 million Iraqi dinars ."
Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual " Quote: "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024. "
Article: "A financial expert points out the reasons for the continuous decline in the dollar exchange rate" Quote: "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank ."
Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market” Quote “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with international banks for the first time.”
Article: " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules " Quote: " For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html
Article: "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules" Quote: "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html
NATO: Iraq Is A Regional Leader In The Region And Today It Is More Secure And Stable, 24 JAN
NATO: Iraq Is A Regional Leader In The Region And Today It Is More Secure And Stable
NATO confirmed today, Tuesday, that Iraq is a regional leader in the region and is today more secure and stable .
A statement from the Office of the National Security Adviser, received by Earth News, said, “Al-Araji received the Assistant Secretary-General for Operations at NATO, Thomas Coffs, in the presence of the Commander of the NATO mission in Iraq, Lieutenant General Jose Aguero.”
During the meeting, according to the statement, the work of the NATO mission in Iraq was reviewed, and ways to enhance cooperation and partnership with the alliance were discussed, in a way that would increase the capabilities of the Iraqi forces. Al-Araji stressed that “the international community is witnessing the improvement of the security situation in Iraq and the development of the security capabilities of the Iraqi forces.”
The National Security Advisor also expressed Iraq’s great concern about the killing of children and women taking place in Gaza, noting that “everyone is calling for the war not to expand, but unfortunately it has expanded, and the continued bombing in Lebanon and Syria is an attempt to drag these countries into entering the war.”
He stated that “Iraq seeks not to be an arena for conflict between others, and that its policy is to solve problems through diplomacy and dialogue, and to distance itself from entering into any axis of conflict.”
He pointed out that “Iraq is keen to ensure that its relations are positive and balanced with everyone,” stressing the importance of the international community remaining cohesive against the remnants of the terrorist ISIS and extremist ideas. ;
For his part, Koves stressed that “NATO seeks to develop the activities of its mission to include the Ministry of the Interior, and to strengthen its partnership with Iraq to greater extents,” reiterating that the NATO mission is an advisory mission, not a combat mission, and that Iraq is a regional leader in the region, and is safer today. And stability.
"RV UPDATE" BY GOLDILOCKS, 24 JAN
GOLDILOCKS
"What is the difference between distressed and opportunistic credit?
Dedicated distressed credit funds have almost 'disappeared' and been replaced by opportunistic credit or 'special situations' funds which typically target a much less cyclical opportunity set that is less dependent on a default cycle while retaining flexibility to invest in bankruptcy and restructuring scenarios."
"It may be helpful to think of opportunistic credit as an investment in dislocation. Put simply, it's a strategy that seeks to capitalize on periodic disruptions across public and private credit markets that can cause assets to become mispriced."
Take a look at these articles below, and you will notice how many companies are currently restructuring their debt and moving into opportunistic credit.
© Goldilocks
https://www.frontieradvisors.com.au
The Frontier Line - The 'new' state of distressed and opportunistic credit
https://www.alliancebernstein.com
Opportunity Knocks: Investing in Dislocation | AB - AllianceBernstein
https://www.sec.gov/cgi-bin/browse-edgar?company=&filenum=812-15468&action=getcompany
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