Sat. AM-PM TNT News Articles 4-22-23



In the Eid sermon. Al-Hakim confirms the rule and authority of the people

Baghdad (Nina) – The head of the National State Forces Alliance, Ammar al-Hakim, stressed the rule of the people and their authority over everyone who serves them or otherwise.

Al-Hakim said in the Eid al-Fitr prayer sermon held at his office in Baghdad, that “the democratic achievement through the consolidation of the pillars of freedom, pluralism and the peaceful transfer of power, overcame decades of tyranny, dictatorship and the domination of one party and the sole ruler.”

He added that “the constant equation of our people is that they have the power to stay or leave for everyone who serves their interests or deviates from the legal paths imposed by them, each according to his position, and this deliberative democratic achievement is the greatest victory for any people yearning for freedom, justice and the rule of the people for themselves.”

Learn about Iraq’s rank among the richest countries in the world.

Shafaq News / Iraq ranked 115th among the richest countries in the world in terms of GDP adjusted for purchasing power according to the American global Finance magazine.

“Inflation rates and the cost of domestic goods and services, we can get a more accurate picture of the country’s average standard of living: the resulting figure is the so-called purchasing power parity (PPP), often expressed in international dollars to allow comparisons between different countries,” the magazine said in its latest April 2023 report seen by Shafaq News.


“The 10 poorest countries in the world, the average purchasing power per capita is $1,380, while in the 10 richest countries, the average purchasing power per capita is over $05,000, and the purchasing power per capita grew by only $30 in poor countries and by more than $5,000 in high-income countries,” she explained.

According to the magazine, “Iraq ranked 115th in the richest countries in the world out of 193 countries listed in the table,” noting that “the per capita GDP in Iraq amounted to 12.927 thousand dollars.”

Globally, according to the magazine’s report, Ireland came first place in the richest countries in the world with a share of 145,196 dollars, followed by Luxembourg second with a share of 142.490 thousand dollars, Singapore came third with the share of 133.895 thousand dollars, and Qatar fourth with a share of 124.848, while South Sudan appended the table with 193 with the share of $516, preceded by Burundi $891.

In the Arab world, Qatar came in first place and fourth in the world with a share of 124,848 thousand dollars, followed by the UAE and 6th place in the world, with a share of 88.221 thousand dollars, followed by Saudi Arabia third and 23rd in the world with a share of 64,836 thousand dollars, followed by Bahrain fourth with 27th in the world with a share of 60,596 thousand dollars, followed by Kuwait fifth and 53rd in the world with a share of 53,037,000 dollars, followed by Oman sixth with a share of 42,288 thousand dollars, and then Libya came seventh with a share of 24,559 thousand dollars.

The magazine added that Egypt came eighth with a share of 16,979 thousand dollars, followed by Algeria ninth and with a share of 13.507 thousand dollars, and then Tunisia tenth with a share of 13.270 thousand dollars, then Iraq comes in 11th place followed by Jordan in 12th place in Arab countries and with a share of 12.893 thousand dollars, while the table did not address: Lebanon, Syria, Afghanistan and Ukraine because there are no integrated official statistics in these countries.

Vietnam Website

Man buys $250,000 worth of plane tickets for just $17,000 after airline currency conversion mistake


| The Independent (4/21/23) 

A man has bought $250,000 worth of plane tickets for just $17,000 after the Japanese airline All Nippon Airways listed incorrect prices for tickets due to a currency conversion error, according to Bloomberg.

Bloomberg reports that a man named Herman Yip said he purchased 25 tickets at a major discount after the popular Japanese carrier listed incorrect ticket prices on its Vietnam website. The 32-year-old, who runs a travel website from Hong Kong, said he even purchased a round-trip first class flight from Jakarta, Indonesia to Aruba, via Tokyo and New York, for only $890 – a discount that’s close to 95 per cent off its original ticket price.

On Wednesday 19 April, All Nippon Airways (ANA) said that airfares were listed incorrectly on its Vietnam website due to a glitch in its currency conversion. A spokesperson for the airline told Bloombergthat it’s “investigating the cause of the bug and the size of its damage,” but it’s still unclear how many people had secured discount tickets. 

ANA has yet to make a final decision over whether the airline will honour the low-priced airfare, but discounted tickets will still be valid for those who fly before their decision is made.

“I guess ANA hasn’t made clear if they’re going to honor the tickets or not, because the impact from the incident seems so huge as the bug lasted for so long,” said Mr Yip, adding that the low ticket prices remained on the ANA website for at least 12 hours. “I know 20 people who knew about the incident, and that of course just multiplies the impact.”

In addition to his first class flight from Indonesia to the Caribbean, Mr Yip also snatched up plane tickets for his family and friends. “I didn’t even bother to ask them whether they were able to make it or not, as I needed to book really quickly,” he said. 

Mr Yip also discovered that he could change his flight for free after the order was confirmed, so he updated his first class trip to begin in Bangkok, Thailand rather than Jakarta, because it was closer to his home in Hong Kong.

Many of the tickets affected by the currency conversion error were reportedly business class flights between North America and Asia, which usually range from $8,000 to $10,000, but went for as little as $300 at the time of the glitch. Another person who works in the airline industry told Bloomberg that he booked a return business class ticket from Jakarta to Honolulu via Tokyo for 13 million dong, or about $550. After the error was fixed, the flight returned to its usual fare of $8,200.

All Nippon Airways – which was founded in 1952 – has grown to become Japan’s largest airline, receiving a five-star ratingeach year over the past 10 years. It was ranked number three out of the world’s top 100 airlines for 2021, according to Skytrax, and in 2019 it was named the world’s cleanest airline.


The Japanese airline isn’t the only carrier to mistakenly sell airfare at a significantly low price. In 2019, Hong Kong airline Cathay Pacific Airways accidentally sold first and business class tickets from Vietnam to the United States for $675, a flight that would normally cost as much as $16,000.

Source: Dinar Recaps

from Iraq’s news

Bloomberg: China seeks to dominate the Middle East in a “cold” confrontation with America

Today, Saturday, the American Bloomberg Agency revealed that China is seeking to make the Middle East a major front in the “new cold war” between Beijing and Washington, with the exacerbation of differences between the two largest economies in the world on more than one level.

A report by the agency, followed by (Baghdad Today), said, “China has put its mark in the region in a way that could not have been predicted six months ago, especially through its mediation in the agreement between Iran and Saudi Arabia, which carried with it many variables that were described as” dramatic. .

China’s footprint in the region is expanding, with Chinese Foreign Minister Chen Gang this week launching efforts to encourage the resumption of Israeli-Palestinian talks.

Chen indicated, during separate phone conversations with his Israeli counterparts Eli Cohen and the Palestinian Riyad Al-Maliki, that “his country is ready to facilitate peace talks,” according to the official “Xinhua” agency, explaining that he encouraged taking steps to resume peace talks, and that his country is ready to facilitate this matter.

Chen also stressed during the phone conversations that his country seeks to push for peace talks on the basis of a solution that “includes the establishment of two states.”


Asian Bank

On the financial front, the Beijing-based Asian Infrastructure Investment Bank opened its first foreign office in the world, in the UAE capital, Abu Dhabi.

According to the agency, the headquarters of the bank’s operational office in the Abu Dhabi Global Market aims to “serve as a strategic destination” to support its agenda. 

The Asian Infrastructure Investment Bank is a multilateral development bank created nearly a decade ago as China’s answer to the financial institutions set up by Western countries.

These developments come in the wake of the “shock” that occurred in Washington, as Saudi Arabia did not refuse with the “OPEC Plus” alliance not to cut production earlier, but rather with that alliance it decided to approve a new cut this month.

“dollar power”

However, the link of exchange rates in the Middle East to the dollar remains a strong link for the United States, as is the case for its strong military and strategic relations, and therefore Washington has not lost much so far on the new front with China.

According to experts, the strength of the dollar is the main factor in the GCC countries’ use of the green card as the main currency for cross-border exchange, and therefore a sudden change would destabilize the countries themselves, so any shift must be gradual.

However, the report indicated that there are indications of changes in this field. Last March, the UAE conducted the first settlement of natural gas exports to China denominated in Chinese yuan.

“Historically, Chinese state-owned energy companies have not had the expertise to compete on equal terms with Western energy companies,” said Justin Dargin, a Middle East specialist at the Carnegie Endowment for International Peace.


Dargin added, “This deal highlights how quickly events have developed.”

On the other hand, Saudi Arabia, which was the largest supplier of crude oil to China until it was replaced by Russia earlier this year, said that it had informed Beijing last January that it was open to discussions about using currencies other than the dollar in trade exchanges.

Saudi Arabia relies on the dollar in the settlement of more than 80% of its annual oil exports, amounting to 326 billion dollars.

In addition to Beijing becoming the main energy customer in the Middle East, many countries in the region have sought to bring in more Chinese investment.

Last week, the UAE Minister of Industry and Advanced Technology, Sultan Al Jaber, was on a visit to Beijing; In an effort to enhance his country’s cooperation with China in the field of clean energy.

The visit came after China and Saudi Arabia signed a number of agreements on cooperation in the renewable energy sector and in the field of green hydrogen during the visit of Chinese President Xi Jinping to Riyadh last December.

According to the US agency’s report, China has not yet become a major headline with regard to military cooperation and the supply of weapons to the Persian Gulf, whose sea lanes have been under the supervision of the United States for a long time, and therefore it must be careful in this matter.   link  

Source: Dinar Recaps


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