Thurs. PM KTFA News Articles 8-19-21



Samson » August 19th, 2021

Treasure of a trillion dollars in the territory of Afghanistan and the largest reserves in the world

19th August, 2021

Afghanistan is considered one of the poorest countries in the world, but US officials revealed in 2010 that this country may be sitting on a treasure trove of precious metals worth more than a trillion dollars.

US media reported that contrary to the stereotype, according to which some believe that Afghanistan is a chain of mountains and rugged expanses, its lands hold huge wealth, and perhaps the Taliban will be able to exploit these huge deposits of minerals, which are necessary to build the global clean energy economy.

The American “Quartz” website mentioned that in 2010, the US Department of Defense issued an internal memo called “Afghanistan .. Saudi Arabia in Lithium”, after American geologists discovered huge deposits of this mineral in the country, valued at at least 1 trillion dollars. . 

It is especially necessary for electric vehicles and renewable energy batteries. This treasure could dramatically change Afghanistan’s economic prospects. Other important minerals such as iron, copper, cobalt and gold are also scattered throughout the country.

According to the International Energy Agency, global demand for lithium is expected to rise 40 times above 2020 levels by 2040, so the world’s shift to clean energy could bring huge profits to Afghanistan. “The Taliban is now sitting on top of some of the most important strategic minerals in the world,” says Rod Schoonover, head of the Environmental Security Program at the Strategic Risk Council, a Washington think tank.  LINK

Parliamentary Economy: The rise in global oil prices is a positive thing for Iraq


19th August, 2021

The head of the Parliamentary Economy and Investment Committee, MP Ahmed Salim Al-Kinani, confirmed today, Thursday, the possibility of preparing a supplementary budget before the end of the current parliamentary session, which may include launching investment projects in the governorates.

Al-Kinani said, in a statement received by (Al-Oula News), that “bridging the current deficit in the state budget means securing the salaries of employees in the first place,” noting that “the rise in global oil prices is positive for Iraq because it will cover the financial deficit in the current year 2021 budget, which includes Mostly employee salaries.

He added, “The rise in oil prices in global markets is positively reflected on Iraq due to calculating the price of a barrel of oil at a limit of 45 dollars in the state’s general budget for the current year 2021,” noting that “this difference in price will cover the current deficit in Iraq’s financial budget.”  LINK

Source: Dinar Recaps


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