Friday, March 7, 2025
Development And The Unit Of Funds, 7 MARCH
Development And The Unit Of Funds
Economic 2025/03/06 Abdul Zahra Muhammad Al –Hindawi Iraq may be unique and not other countries in the multiplicity of development funds, which are very similar in their tasks, but each of them has a geographical space, which works to cover it, with the exception of two of these funds,
which are both the Iraqi Fund for Development, which is concerned with creating an attractive investment environment, especially in what is related to the health and education sectors, as a priority and then the rest of the sectors come, and
the second is the social fund For development, which is concerned with targeting the poorest villages and areas, by providing basic services, by implementing small projects, such as building schools, health centers, providing water and electricity networks, and road paving.
As for all other funds, which are the Emaar Fund, which is affected by terrorist acts and military operations, the Sinjar Emaar Fund and the
Nineveh Plain, the Emaar Dhi Qar Fund, the Penis, the Termis' Emaar Fund, and the Samarra Fund, the capital of Iraq for Islamic civilization.
If we had a look at the tasks and work of these funds, we would have found a great similarity between them, this similarity may sometimes cause an intersection with other programs, foremost of which is the regional development program, which is carried out by local governments in the governorates, and the investment program implemented by the federal ministries in all governorates.
On the other hand, no one denies that these funds are a work on the ground, as they have succeeded in implementing many investment and service projects, according to the geographical area of each of them.
Certainly, each of them has good annual financial allocations, to finance the projects they implement, and
here comes the area of the question that represents the title of the title of this article,
what happens if we intentionally unify all these boxes in one box??, and
for example, the Social Fund for Development, which is the oldest of the foundations found, and was able to implement small projects in more than 500 villages spread in 18 governorates, according to philosophy, according to philosophy, according to philosophy, according to philosophy, according to philosophy, according to the philosophy of New and different depends on the principle (planning from the bottom up to the top) in the sense that the local community
is the one that defines the priorities of the projects that the region needs, according to the criteria for the need in the covered village.
There is no doubt that the union of these funds in one box, starting, will help the planning to draw a clear-cut image, with specific dimensions and paths, in addition to that the financial allocations will be very good that support project financing at a comfortable manner, and this will be an integration with other programs, and here the development will witness a good boost, in all sectors .. right? https://alsabaah.iq/111232-.html
AJ : 🛢️Experts: Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel.,7 MARCH
AJ
Crude Oil Analysts Outlook - 2025
Experts: Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel.The four dozen analysts participating in the Reuters poll last week saw Brent Crude prices averaging $74.63 per barrel in 2025.
Analysts: Tariffs could undermine the growth plans of many businesses, and the economy is likely to slow down.
Oil prices will likely remain around current levels or even lower this year, analysts and economists in the monthly Reuters poll said last week.
Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel, the experts said.
Supply shocks would be balanced out with the 5 million barrels per day (bpd) of spare capacity that OPEC+ currently has, mostly within the Middle Eastern producers in OPEC.
Major trade and geopolitical developments since last week are likely to put additional downward pressure on oil prices—the tariffs on Canada and Mexico and the higher tariff on Chinese imports into the U.S., and the possibility of some eased sanctions on Russia.
The four dozen analysts participating in the Reuters poll last week saw Brent Crude prices averaging $74.63 per barrel in 2025, slightly higher compared to the forecast of $74.57 in January. For WTI Crude, analysts expect an average 2025 price of $70.66 per barrel, up from $70.40 in January.
t the time the survey was carried out, oil prices were more or less trading around these levels.
But early this week, oil slumped after the Trump Administration confirmed that tariffs on Canada and Mexico are going ahead as planned on March 4, and the tariff on Chinese goods is lifted to 20% from 10%. Canada and Mexico tariffs are at 25%, with Canadian energy facing a lower, 10%, import tariff. Now April
Economic Fallout from Tariffs
On the first trading day of March, major Wall Street indexes turned sharply lower after the Trump Administration announced that the tariffs on Canada and Mexico, and higher levies on China are going into effect on Tuesday.
The rally in the weeks since November has been largely due to hopes that the Trump Administration would boost U.S. businesses and the economy.
But tariffs could undermine the growth plans of many businesses, and the economy is likely to slow down, analysts say.
A weakening economy, the world’s largest at that, could dampen oil demand in the U.S. and globally—that’s why the market hasn’t been very bullish about oil prices in recent weeks.
Amid all the tariff noise, forecasters have not downgraded—yet—their estimates of global oil demand growth this year. Demand is generally expected to rise by between 1 million bpd and 1.4 million bpd, with OPEC being the most bullish with 1.4 million bpd growth projection for both 2025 and 2026.
The “healthier oil market outlook”, OPEC said on Monday, allowed the OPEC+ producers to “proceed with a gradual and flexible return of the 2.2 mbd voluntary adjustments starting on 1st April, 2025, while remaining adaptable to evolving conditions.”
Initially, OPEC+ will return 138,000 bpd to the market in April, the group confirmed this week, but noted that the increase may be paused or reversed subject to market conditions.
The gradual return of OPEC+ supply and the expected non-OPEC+ output growth this year are set to keep oil from price spikes, analysts say.
The U.S. “maximum pressure” campaign on Iran with the goal to reduce Iranian oil exports to zero could be offset by lower demand growth in case of economic downturn and potential easing of some U.S. sanctions on Russia as the Trump Administration pivoted from supporting Ukraine to siding with Moscow about possible pathways to end the war.
Risk-Off Oil Market Sentiment
With all the unknowns about the tariff fallout on economies and oil trade flows due to sanctions being tightened on some and eased on others, money managers and other hedge funds are currently in a risk-off mood and are dumping bullish positions in the two most traded petroleum futures contracts, Brent and WTI.
In the week to February 25, selling of crude oil was “particularly aggressive,” Ole Hansen, Head of Commodity Strategy at Saxo Bank, said on Monday in a commentary on the latest Commitment of Traders report.
The U.S. benchmark contract, WTI Crude, saw the biggest selling spree, not only in the latest reporting week, but also in the past five weeks.
The net long position – the difference between bullish and bearish bets – in WTI slumped to the lowest level in nearly 15 years, at 67,600 contracts at end-February, down from 250,000 contracts hedge funds held as of January 21.
During this five-week period, the combined net long in WTI (CME and ICE) and Brent has almost halved to 260k contracts, as the technical outlook continued to deteriorate amid worries about a global trade war’s impact on demand and OPEC+ considers when to start tapering production cuts,” ---------
IMO - WAIT AND SEE Trump pushed tariffs out to April in line with OPEC's increase production
Specialists: Transformation Into A Digital Currency In The Right Direction, 7 MARCH
Specialists: Transformation Into A Digital Currency In The Right Direction
Economic 2025/03/05 Baghdad: Hussein Thaghab Central Bank of Iraq to issue a digital currency as a "step in the right direction", to
strengthen the financial system and
keep pace with global developments.
Specialists also believe that the
development of the banking system and the
adoption of modern technologies
are vital to ensuring the achievement of the desired benefits, such as
improving financial inclusion and
supporting the national economy. However,
they warn of possible challenges, such as the risks of cybersecurity and the need for a
clear legislative framework that supports this step.
The Governor of the Central Bank d. Ali Al-Alaq, confirmed the approach to creating a bank digital currency, to replace paper currencies.
According to the Financial Adviser to the Prime Minister, Dr. Mazhar Mohamed Saleh, the
Central Bank of Iraq is towards the issuance of a digital currency, which is an advanced step in the world of central banking. He added in his speech to "Al -Sabah", that
this step represents a qualitative leap in the national digital payment system by reducing the percentage of leaks resulting from paper currency problems outside the banking system, which will reduce the need to print large quantities of paper currencies.
This, in turn, will limit the circulation of present criticism, which requires continuous and expensive nutrition for the paper cash payment system.
The problems of the paper currency outside the banking system, which will reduce the need to print large quantities of paper currencies. He pointed out that the
digital currency will contribute to improving transparency and governance, which allows the total economy and monetary policy to adapt its policies in a way that achieves stability and speeds up to fight inflation and control digital liquidity.
The digital currency will also provide a great ability to achieve the financial inclusion of the community segments
quickly and clearly, especially for poor groups related to the banking system. But Saleh stressed that
entering the world of digital currencies requires a strong infrastructure that includes advanced internet networks and superior protection devices from cybersecurity, in addition to the culture of accepting this type of virtual currencies. He stressed that the
state agencies must be the first to accept them in government collection of various forms, with the survival of digital criticism practicing its normal functions as an account unit, payments, savings and settlements.
For his part, Mustafa Akram Hantoush, a specialist in financial affairs, stressed that
talking about issuing a digital currency in Iraq is premature, indicating that
this step requires the presence of an advanced banking device and a strong infrastructure for electronic payment and the national division. In his speech to "Al -Sabah", he added that
society needs to adopt a new culture that supports this transformation, especially in light of the modern transition to the electronic payment system, which still faces great difficulties and challenges. Hantoush explained that the
digital currency represents an electronic balance of value,
which requires a
social awareness and a
deeper understanding of this concept. He also pointed out that
global digital currencies, such as the
electronic dollar in America, the
euro in Europe and the
Chinese electronic yuan, are still facing serious challenges,
especially in the areas of cybersecurity and the dangers of penetration, which led to the incomplete application of its application completely so far. He stressed that the
issuance of a digital currency in Iraq first requires the development of the banking system to
meet international standards,
enhance technological infrastructure, and
build solid confidence between the public and banking institutions. He stressed that
this step, despite its importance, needs accurate planning and comprehensive preparation to ensure its success. https://alsabaah.iq/111169-.html
CRYPTO TRADER : NO CURRENCY SALE TODAY, 7 MARCH
CRYPTO TRADER
No currency sale today either.5 days with out the currency sales data on CBI with out any clarification from CBI.
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