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The Dollar Exchange Opens Higher In Baghdad And…
2024-04-08T07:26:14+00:00
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/ The exchange rates of the US dollar rose against the Iraqi dinar, on Monday, in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the opening of the stock exchange.
Agency correspondent said that dollar prices rose with the opening of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 148,000 Iraqi dinars for every 100 US dollars, while yesterday, Sunday, prices recorded 147,600 dinars for every 100 dollars.
Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad rose, as the selling price reached 149,000 dinars, while the purchasing price reached 147,000 dinars for every 100 dollars.
As for Erbil, the dollar also recorded an increase in banking shops, where the selling price reached 147,700 dinars against the dollar, and the purchase price reached 147,600 dinars against 100 dollars.
Teslas Q1 Profits Fall 55% To $1.13bn Due…
Tesla’s Q1 Earnings Report: A Challenging Quarter
Tesla’s Q1 earnings report had quite a few surprises for the market, including a 55% fall in profits that amounted to $1.13 billion from the same year-ago period. Despite the dip in profit margins, Tesla looked ahead to future products such as advances in autonomy and an upended product roadmap.
The Downward Trend of Profits
The downfall of Tesla’s profits can be attributed to several challenges, including the Red Sea conflict and the arson attack at Gigafactory Berlin that led to a gradual ramp-up of Model 3 production at its California factory. Another challenge has been global EV sales under pressure as many carmakers prioritize hybrids over EVs.
While these factors contributed to the decline in revenue, one major factor affecting profitability has been multiple price cuts implemented since late 2022. These price cuts initially drove up sales numbers but have not had long-lasting effects due to fewer vehicles sold per quarter than previously predicted. In fact, Tesla delivered only 386,810 vehicles during Q1 of 2024 which was down by nearly 20% compared with deliveries made during Q4-2023 itself and this trend is continuing into fiscal year-over-year years; automotive gross margins are shrinking with current rates sitting at about “16.35%” compared against last year equivalent period where it was “18.96%”.
A Russian Project Scares The United States To…
Russia – The United States is trying in various ways to obstruct the implementation of the huge Russian project in the Arctic Circle, “Arctic LNG-2,” while the global economy’s need for gas paints promising prospects for the project.
The Wall Street Journal expected, in a report, that the project would bring huge profits to Russia if many countries in the world abandoned the use of coal as an energy source.
The American newspaper pointed out that Washington, by imposing sanctions on the project, is trying to obstruct “Arctic LNG-2,” which is a strategic project for Russia.
The newspaper said that the United States, through a barrage of sanctions, is trying to disrupt the project and obstruct the project’s access to liquefied gas tankers.
In an indication of Washington’s fear of the project, the newspaper quoted US Assistant Secretary of State for Energy Affairs Jeffrey Pyatt, saying, “The role of the United States is to ensure the death of the ‘Arctic LNG-2’ project.”
The report pointed out that global economies abandoning coal in favor of blue fuel will lead to a rise in global demand for liquefied gas, and this is accompanied by Russia’s intention to increase its production of liquefied natural gas by more than three times.
PROFESSIONAL GROUP Time To Take Stock For The…
Tiana Rasamimanana, president of the Madagascar Industries Union.
Charge. The Madagascar Industries Union (SIM) will hold a general meeting today at Carlton Anosy. This will be the first annual meeting of this kind chaired by Tiana Rasamimanana, president of this association of industrialists after his election in March 2023, succeeding Hassim Amiraly. A busy schedule awaits the SIM as several points will be raised during this annual meeting. This branch of the private sector and its divisions will draw up the outlook for this year. The meeting will be an opportunity to look back at past achievements to take stock of the actions carried out last year.
Among the achievements of last year was the establishment of the Management Center approved by the Industrial Union. A structure intended to optimize opportunities for small and medium-sized industries and businesses which still support a large part of the local economic fabric. Small and medium-sized industries therefore play a driving role in industrial development. An evaluation of internal developments and collaboration with partners in the private and public sectors is also on the program. Approximately sixteen SIM member establishments will participate in today’s meeting with associates from all sides.
The Industrial Union which is also one of the important signatories of the Industrialization pact.
Al Bilad Newspaper Ramadan Offers Continue With Nissan…
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Egypt Will Stop The Export Of Liquefied Natural…
#Egypt #stop #export #liquefied #natural #gas #Europe #beginning
Egypt intends to stop exporting liquefied natural gas (LNG) to Europe from the beginning of May, Al Arabiya TV reported, citing unnamed sources in the Egyptian Ministry of Petroleum and Mineral Resources. According to the information, in March and April, the Arab Republic exported about 80,000 tons to the Old Continent, but these quantities will be redirected to the domestic market.
Authorities are bracing for gas shortages amid a drop in domestic production and an expected summer peak in electricity consumption, much of which is generated by gas-fired plants. In February, Oil Minister Tarek El Molla said such a possibility was being considered.
Due to reduced domestic production and prolonged heatwaves in June 2023, the government introduced a schedule of planned daily power outages. The regime continues to apply after a break during the Muslim holy month of Ramadan.
Egypt is expected to spend up to $120 million a month importing liquefied natural gas, the Enterprise News website reported. Earlier,
Acapulco, Halfway Through Its Recovery After Otis
Acapulco Guerrero. More than 10,000 members of the National Guard are stationed in the port of Acapulco to help with economic reactivation and directly attack extortion by organized crime, said the governor of Guerrero, Evelyn Salgado Pineda, in a meeting with businessmen, including them Carlos Slim and Francisco Cervantes, president of the Business Coordinating Council (CCE).
According to what was stated by the governor, as of April 16 there were 8,612 rooms available out of a total of 19,600 that existed before Otis. Half of the supply that existed before the hurricane has not yet been recovered; However, Salgado weighed: “after all this, which was devastating, I think we have been rising in leaps and bounds.”
In a conversation with the media, the governor reported that 184 hotels have reopened, 62 percent of the 297 that were in the port as of October 24. Of those that have returned to operation, 22 are in the Diamond zone, 73 in the Golden zone, 13 in Pie de la Cuesta and 76 in the Traditional zone. In addition, 36,545 businesses of all types have reopened in Acapulco and 2,144 more in Coyuca de Benítez.
Half a million permits
The president of the CCE,
Why Germany Should Not Engage In Economic Espionage
But it wouldn’t stop there. If you want to conduct economic espionage successfully, you have to go further. Must create channels through which companies, scientific organizations and government bodies exchange information. In order for services to successfully conduct economic espionage, business secrets must become official classified information. Suddenly nothing is secret anymore – and everything is at the same time. No company can then rely on a business partner to treat information confidentially. And no one can then judge whether a company is presenting a really new, technologically innovative product – or just a perfect copy, sponsored by BND. It would be the end of fair competition.