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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Comment from Parliament on the economic damage to Iraq as a result of the war on Gaza - Urgent

    Rocky
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    Comment from Parliament on the economic damage to Iraq as a result of the war on Gaza - Urgent Empty Comment from Parliament on the economic damage to Iraq as a result of the war on Gaza - Urgent

    Post by Rocky Wed 01 Nov 2023, 4:39 am

    Comment from Parliament on the economic damage to Iraq as a result of the war on Gaza - Urgent
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    Baghdad today - Baghdad 
    Today, Wednesday (November 1, 2023), the Finance Committee in the House of Representatives commented on the possibility of Iraq being harmed economically as a result of the ongoing war in the Gaza Strip with the Israeli occupation.
    Committee member MP Mustafa Al-Karaawi said in an interview with “Baghdad Today” that “any regional or international event will have an impact on oil prices in the global market, and this event may help in the decline or rise of oil, and thus it will have an impact on Iraq, especially since Iraq It depends entirely on the sale of oil to finance the budget.”
    He added, "Until the moment, there is no economic harm to Iraq due to the Gaza-Israel war, but the continuation of this war for a longer period and the occurrence of greater repercussions in the region may have negative consequences on the general economic conditions in the world, and Iraq is part of this world and there will be harm." on him".
    On Monday (October 30, 2023), the World Bank expected that average global oil prices would reach $90 per barrel in the last quarter of 2023, and that average prices would fall to $81 during the year as a whole with a slowdown in demand. However, it warned that the escalation of aggression against... Gaza, and the expansion of its area, prices rose significantly.
    The latest report issued by the bank on commodity market expectations indicated that oil prices have risen by only 6% since the start of the aggression on Gaza, while the prices of agricultural commodities and most metals and other commodities “have moved only slightly.”
    The Palestinian resistance, led by the “Izz al-Din al-Qassam” Brigades - the military wing of the Islamic Resistance Movement (Hamas) - launched Operation “Al-Aqsa Flood” on October 7, in response to the aggression of the occupation forces and Israeli settlers against the Palestinians, and the continued raids on Al-Aqsa Mosque. Blessed.
    As the massacres against civilians continued, the toll of the aggression rose to more than 8,000 martyrs, including 3,347 children and 2,136 women, in addition to approximately 21,000 wounded, according to the Ministry of Health in Gaza.
    A Bloomberg report also drew 3 possibilities for the impact of Israel’s war on Gaza on the global economy, in terms of growth rates, inflation, and oil prices.
    The report talked about the possibility that this war would push prices to rise between $3 to $4 if the war in Gaza subsides, and a 10% increase if the Lebanese Hezbollah and Iranian-backed factions in Syria enter the line, while prices may reach $150 if a war occurs. A direct confrontation between Israel and Iran.
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