#Dinar Investment
Explore tagged Tumblr posts
Text
Jump In: DinarsPay Presale Stage 2 Now Live!
The long wait is now finished! We’re excited to declare the DinarsPay Pre-sale 2 is now live! Here’s your opportunity to purchase $DINARS at a discounted pre-sale price and gain early access to the ground-breaking token that drives our safe and effective payment systems.
Take Advantage of this fantastic chance!
What is the Dinarspay Pre-Sale?
The Dinaspay Pre-sale provides a limited quality of $DINARS tokens before they are released to the public market. This is your opportunity to:
Become an early adopter: Before the general public’s pricing goes up, get your $DINARS at a reduced rate of $0’60 each.
Support Innovation: We can improve the payment system for everyone with your support.
Shape the future: Assisting in reshaping the future by joining the revolution that is online payments.
Pre-Sale 2 Details:
Token Supply: 175,000 $DINARS
Price: $0.60 per $DINARS (discounted rate!)
Duration: 1 Month (limited-time offer)
Dinarspay Pre-Sale #2: Why You Shouldn't Miss It? Start Enjoying the Benefits Right Now!
The second Dinarspay pre-sale allows you to purchase the ground-breaking $DINARS coin at a discount rate. For early adopters like you, however, the pre-sale 2 offers much more than just a lower price. Now let's get started:
Lock in Savings and Avoid Price Increases:
Pre-Sale 2 offers a fantastic chance to purchase $DINARS at a token discount of $0.60. This is your opportunity to lock in value before the public price climbs, which might raise your future returns.
Take the Lead & Create the Future:
By taking part in Pre-Sale 2, you're joining the Dinarspay movement in addition to gaining tokens. Your early assistance encourages innovation and enables us to create a payment system that is safer and more effective for all users.
Limited Time & Exclusive Access:
With Pre-Sale 2, you will have exclusive access to a restricted pool of 175,000 $DINARS before to the general debut. There's a sense of urgency created by this restricted supply, which might lead to increased demand following the public release.
Encourage Innovation & Take Part in Something Significant:
Dinarspay has the potential to revolutionize the world of online payments. Participating in pre-sale 2 entails more than simply purchasing tokens; you're part of a revolution that seeks online payment methods.
Get Involved in a thriving group:
Being a member of Pre-Sale 2 entitles you to join the Dinarspay community. Get in touch with others who share your vision for an improved payment system and stay up to speed on project developments.
Ready to Join the Dinarspay Revolution?
Visit our Pre-sale portal to get your reduced $DINARS tokens. Recall that the quality and duration of this pre-sale are limited, so move quickly!
We are delighted to have you join the Dinarspay community. Use our website or social media pages to contact the team with any questions.
Let’s reinvent online payments together! Join Now - https://dinarspay.com/register
To know more about Dinarspay daily updates - https://t.me/dinarspay
#business#entrepreneur#investing#economy#Dinarspay presale 2#DINARS presale 2#Presale stage 2#Buy DINARS
1 note
·
View note
Text
Start a business of worshiping Allah, and all types of profits shall come to you without the need of investing any capital.
Malik ibn Dinar (rahimullah)
#allah#god#islam#muslim#revert#reverthelp#reverthelp team#convert#new revert#new convert#new muslim#muslim revert#muslim convert#welcome to islam#revert to islam#convert to islam#how to convert to islam#prophet#muhammad#quran#sunnah#hadith#dua#pray#prayer#salah#help#religion#muslimah#quote
29 notes
·
View notes
Text
27 November 2023: King Abdullah II reaffirmed that Jordan is a strong and stable nation that grows stronger in times of crisis.
During a meeting attended by Crown Prince Hussein, King Abdullah urged representatives of the private sector to contribute in providing ideas and solutions to support economic sectors that were affected by the current conditions, especially tourism.
His Majesty said Jordan has experience in dealing with crises and is able to continue building its economy during difficult conditions, noting that the Kingdom has the support of Arab and friendly countries because it is a strong nation. (Source: Petra)
The King stressed the need to maintain progress in jumpstarting the national economy, calling for finding an economic hedging mechanism to safeguard against the current conditions in the region.
Jordan's economic strength is a strength for all Jordanians and their brothers and sisters in Palestine, said His Majesty, adding that a strong Jordan is able to continue to support the Palestinians.
The King reaffirmed that Jordan continues all its efforts to reach a lasting ceasefire in Gaza, and to facilitate the delivery of humanitarian aid to the Strip and the West Bank to alleviate the impact of the humanitarian catastrophe there.
His Majesty stressed the importance of strengthening the partnership and coordination between the public and the private sectors to face economic challenges, as well as maintain growth of national investments, and attract more foreign investments.
The King affirmed the importance of moving forward with economic and administrative modernisation, despite the challenges.
Additionally, His Majesty reaffirmed the importance of the Aqaba-Amman Water Desalination and Conveyance Project and its positive impact on water security, calling on the private sector to play a part in its implementation.
The King listened to suggestions by attendees representing the private sector, who commended the Central Bank of Jordan’s (CBJ) policy in maintaining financial and fiscal stability.
They said Jordan’s economic sectors are strong and able to grow, calling for finding means to safeguard them, especially tourism, against the impact of regional challenges, and to turn challenges into opportunities, as well as facilitate licensing processes for projects and financing methods for sectors affected by crises.
Attendees stressed the importance of maintaining coordination with the government to take pre-emptive measures for affected sectors, through short, medium, and long-term plans.
For his part, Prime Minister Bisher Khasawneh said the overall performance of the national economy is reassuring with the completion of over 80 per cent of the goals of the economic modernisation plan, within the timeframe for this year.
He added that the government finished the sixth review with the International Monetary Fund, noting that the draft state budget law that will be sent to Parliament will include the highest capital investment volume.
The prime minister said the government is studying supporting sectors affected by the current conditions, especially tourism.
CBJ Governor Adel Al Sharkas highlighted the stability of Jordan’s monetary and fiscal outlook, adding that the economy is able to withstand challenges, and that the strength of the dinar protects the national economy.
Sharkas said the trade balance deficit is forecast to narrow, adding that Jordanian exports and remittances are expected to increase in the upcoming period.
He added that Jordan’s commitment to fiscal and monetary reforms has contributed to the stability of the national economy; therefore, Jordan registered the lowest inflation rates worldwide.
A number of ministers and officials attended the meeting.
2 notes
·
View notes
Text
According to the initial tip we received, the investment promised 20% per month through “a rare individual whose sole purpose in life is to help other people obtain wealth like he has.” The ostensible billionaire runs a group of entities that share the name “Nanban.”
Feels a bit weird for the Hindenburg research crew to be investigating an investment that's targeted at people who only barely savvy enough to not invest all their money in Iraqi dinars
6 notes
·
View notes
Text
News Headlines Out of Iraq Making DInar RV Seem Inevitable
The headlines coming out of Iraq and surrounding nations from over Christmas weekend in the West are in my opinion definitely overwhelmingly positive, at least as it relates to all of us whom the official state media has ridiculed as fools and conspiracy theorists. It appears as though the events chronicles bellow in Arabic and Israeli news sources suggest strongly that all conditions necessary for the Iraqi dinar to revalue are finally all present.
The CIA probably will and may already have engaged in false flag attacks in Iraq to blame on Iran because democrats and Rinos do not want this to happen (the dinar to revalue) thanks to a Trump signing Executive Order 13818. This EO allows the government to seize the property of say, everyone who’s every been to Jeffrey Epsein’s island, which would include everyone who planned the Kuwaiti dinar revaluation, the Iraqi dinar revaluation (at least those still alive) and have committed many, many crimes against humanity.
People like the Bushes, Clintons, their handlers and their successors at America’s one time intelligence agencies-turned-hostile-rulers via coup and most everyone else involved in the planning of the dinar currency revaluation in America at least don’t want it to happen because they’ve sold their souls to the devil (in my humble opinion) and and are committed to America’s destruction.
Obama mainly created ISIS to stop this from happening. Looks like it’ll happen anyway. Maybe 20 years after some expected, but better late than never.
Like the Jews as they wandered upon escape from Egypt, we’ve endured tremendous inconvenience, in some cases suffering, ridicule, isolation and loss of relationships with friends and family. Point being we’ve all endured hardships because our faith was so strong we stood by it in the face of adversity.
The path of least resistance would have been to take the word of those who invest SO MUCH time and effort to convince us that we are wrong, assume that if sounds too good to be true it must be so, and do our best to avoid thinking about it. Assume it’s all a big scam, that those selling it only buy to sell and aren’t in most cases more heavily invested than any of their customers (never-mind that most of us are).
Large corporate interests like several based in California and a few in Florida, New York and the East Coast likely think people who invest in their products are fools, don’t believe in them themselves and (if ethics is even a concern that crosses their minds), justify it by saying, ‘if they’re going to waste money on it, it might as well be us profiting. Maybe it’s just me, but I prefer not to deal with companies that treat me like I’m livestock.
.
8 notes
·
View notes
Text
I mean, a surprising number of the boomers being forced out of their homes ARE going to be the ones who ruined the world, who had plentiful wealth and used it to marginalize and harm others for decades.
But shit has been fucked out there for a WHILE people. Those boomers are the people who would have had a lot of money wiped out in 2008 having been told their entire lives that real estate was a good investment, and then in the aftermath, would have been the prime targets for Iraqi dinar scams, Social Security scams, right wing grifters of all kinds, crypto scams, the list just keeps going on and on and on.
Where do you think all the money a select few managed to run away with in all those scams came from anyways, the ultra wealthy? Nah, those were the guys in on the scams from the start. It was people who used to be comfortably millionaires, who post 2008 were down into the hundreds of thousands of dollars in assets for the first time in a while, and were fucking scared shitless of losing the rest. And so, in a darkly hilarious turn of events, the low trust and low regulation society they had voted for was their downfall. Thousands of opportunistic bastards started swarming around them, each one promising that they had all the answers, that everything could become safe and secure again, all you had to do was give them your credit card number...
So yeah. A lot of those people are bastards who voted for the Leopards Eating Faces Party and have found themselves with a leopard eating their face. They still deserve to have secure housing, food security, and healthcare, because all of us do.
#us politics#2008 fucked everything#it was really really central to the way the modern day looks#we are absolutely still feeling the effects of it and the war on terror#it's been a while#but they are still present
60K notes
·
View notes
Text
Gold Prices in Kuwait: Latest Updates and Trends
Gold is one of the most sought-after commodities in the world, and Kuwait, known for its vibrant economy and strategic location in the Gulf, holds a significant place in the global gold market. The gold market in Kuwait is dynamic, reflecting the ebb and flow of international prices, local demand, and economic conditions. This blog aims to delve into the intricate world of gold prices in Kuwait, shedding light on factors influencing the market, historical trends, and its significance in the Kuwaiti economy.
Kuwait's love affair with gold spans centuries, deeply rooted in its culture and traditions. Gold plays a pivotal role in Kuwaiti society, symbolizing wealth, prosperity, and social status. From weddings to religious ceremonies, gold is a cherished element, often given as gifts and used as a hedge against inflation and currency devaluation. This cultural affinity for gold fuels a robust domestic demand, making Kuwait a key player in the Middle East's gold market.
The price of gold in Kuwait is influenced by a multitude of factors. On the global stage, the primary determinants include geopolitical tensions, interest rates, inflation, and the strength of the US dollar. When geopolitical uncertainties rise, investors flock to gold as a safe-haven asset, driving up its price. Similarly, when inflation rates increase or when the US dollar weakens, gold prices tend to rise as it is seen as a store of value.
Locally, Kuwait's gold prices are affected by economic policies, import duties, and local market dynamics. The Kuwaiti Dinar (KWD), being one of the strongest currencies globally, also plays a crucial role. Any fluctuations in the exchange rate between the KWD and USD can impact gold prices, given that gold is globally traded in USD. Additionally, seasonal demand, particularly during festive periods and wedding seasons, can lead to temporary price spikes.
Kuwait's gold market operates through a network of specialized gold souks, retail outlets, and online platforms. The gold souks are bustling marketplaces where buyers can explore a variety of gold jewelry, coins, and bars. These souks are not just commercial hubs but also cultural landmarks, attracting tourists and locals alike. Retailers and jewelers in Kuwait often offer intricate designs that blend traditional and modern aesthetics, catering to a diverse clientele.
Online platforms have also revolutionized the gold market in Kuwait. These platforms provide real-time updates on gold prices, allowing consumers to make informed purchasing decisions. Moreover, many retailers now offer online purchasing options, enhancing convenience and accessibility for buyers. This digital transformation has expanded the reach of the gold market, making it easier for people to invest in gold from the comfort of their homes.
Investing in gold is a popular choice for Kuwaitis, driven by its potential to provide long-term financial security. Gold is perceived as a stable investment, capable of preserving wealth over time. In Kuwait, individuals can invest in gold in various forms, including jewelry, coins, bars, and even gold-backed financial instruments like ETFs. Each form of investment has its advantages and caters to different investment goals and risk appetites.
Gold jewelry remains a favorite due to its dual role as an adornment and a financial asset. Coins and bars, on the other hand, are preferred by those looking for pure investment opportunities. Gold ETFs and other financial instruments offer a modern investment approach, allowing investors to gain exposure to gold without physically owning it. These instruments provide liquidity and ease of trading, making them suitable for those who prioritize flexibility.
The Kuwaiti government also recognizes the strategic importance of gold. The Central Bank of Kuwait maintains gold reserves as part of its foreign exchange reserves. These reserves play a crucial role in bolstering the country's financial stability and providing a cushion against economic shocks. Moreover, gold reserves are seen as a means of diversifying the central bank's asset portfolio, reducing reliance on a single type of asset.
Kuwait's gold industry is not just about trade and investment; it also contributes significantly to the country's economy. The industry provides employment opportunities, supports allied sectors like jewelry design and manufacturing, and drives tourism. Tourists often flock to Kuwait's gold souks, drawn by the promise of high-quality gold products and competitive prices. This influx of tourists boosts local businesses and enhances the country's economic prospects.
In recent years, the global gold market has faced several challenges, including price volatility, regulatory changes, and shifting consumer preferences. The COVID-19 pandemic, for instance, disrupted supply chains and impacted demand patterns. However, gold proved resilient, with its prices soaring during the early stages of the pandemic as investors sought safe-haven assets. Kuwait's gold market, too, demonstrated adaptability, leveraging online sales channels and maintaining consumer confidence.
Looking ahead, the future of Kuwait's gold market appears promising. With a stable economy, a strong currency, and a deep-rooted cultural affinity for gold, the country is well-positioned to navigate the complexities of the global gold market. Moreover, ongoing efforts to modernize the gold industry, enhance regulatory frameworks, and promote sustainable practices will further strengthen Kuwait's position as a key player in the global gold market.
In conclusion, gold remains an integral part of Kuwait's economic and cultural fabric. Its significance extends beyond mere ornamentation, serving as a vital investment tool and a symbol of enduring value. As the global economy evolves, Kuwait's gold market will continue to adapt, driven by a blend of tradition, innovation, and economic foresight. For those looking to invest in or understand the dynamics of the gold market, Kuwait offers a fascinating case study of resilience and opportunity.
#goldprices#Kuwaitgold#goldmarket#goldinvestment#goldjewelry#safehaven#preciousmetals#goldtrends#investmentopportunities#financialsecurity#goldreserves#middleeastgold#economicstability#digitalgold#goldindustry#goldbuyers#Kuwaitculture#wealthmanagement#goldpricefluctuations#goldtrading#goldbars#goldcoins#goldETFs#luxuryjewelry#sustainablegold#KuwaitiDinar#goldstandard#traditionandmodernity#economicgrowth#Kuwaittourism
0 notes
Text
Understanding the Iraqi Dinar Exchange Process in AUS
The Iraqi Dinar (IQD) exchange process can be a complex and often confusing subject for those unfamiliar with international currencies. For Australian residents and investors, understanding the procedures and dynamics behind exchanging the Iraqi Dinar in Australia (AUS) is essential for navigating currency markets. Whether you want to invest in Iraqi Dinar or exchange it for travel or business purposes, having the right knowledge can help ensure a smooth process.
The Basics of the Iraqi Dinar
The Iraqi Dinar is the official currency of Iraq. Its value has fluctuated significantly, especially due to the country's volatile political and economic history. Despite this, some investors view the Dinar as a speculative investment, hoping for potential gains should its value increase. Others may need it for business dealings, travel, or personal reasons.
It is important to note that Iraq is a relatively isolated market regarding currency exchanges, and the Iraqi Dinar is not widely traded in international markets. This makes exchanging Iraqi Dinar outside of Iraq different from exchanging more commonly traded currencies like the US Dollar, Euro, or British Pound.
Currency Exchange in Australia
In Australia, exchanging Iraqi dinars is not as straightforward as exchanging more commonly used currencies. Most major financial institutions, such as banks and mainstream exchange services, do not deal with the Iraqi dinar exchange due to its limited global presence and the risks associated with its volatility. However, specialized currency exchange services handle less common currencies, including the Iraqi Dinar.
Australians interested in obtaining Iraqi Dinar must look for a service that deals with foreign currencies outside the mainstream offerings. These specialized services are often found through online platforms or foreign exchange (Forex) brokers who cater to niche currencies. Ensuring these services are legitimate is important, as scams and fraudulent schemes often target the Iraqi Dinar.
Exchange Rates and Market Fluctuations
The exchange rate of the Iraqi Dinar is notoriously volatile. This is due to Iraq's economic instability, sanctions, and fluctuations in the value of oil, which is Iraq's primary export. The Central Bank of Iraq sets the official exchange rate. Still, due to economic factors and the currency's limited international market, the actual value on the open market can vary significantly.
In Australia, the rates offered by exchange services can fluctuate widely, depending on demand and supply, the global economic situation, and the specific service provider's policies. As a result, individuals looking to exchange Iraqi dinars should be prepared for rates that may differ from the official exchange rate published by the Central Bank of Iraq. It is also essential to be cautious of high exchange fees or hidden costs that may apply when exchanging large sums of money.
How to Exchange Iraqi Dinar Safely
Safety is paramount when exchanging Iraqi dinars in Australia. Given the potential for fraud, it is crucial to thoroughly research the exchange service provider. Look for providers with solid reputations and verified customer reviews. Moreover, ensure that any transaction is done through secure channels, especially when dealing with large amounts of currency.
For those skeptical about the risks of exchanging the Iraqi Dinar exchange, it is advisable to consider the currency's potential long-term outlook. Some analysts speculate that the Iraqi Dinar may appreciate over time if Iraq's economy stabilizes, while others caution that the currency could remain stagnant or depreciate further.
Understanding the process of exchanging the Iraqi Dinar in Australia requires careful research, a clear understanding of the risks, and knowledge of the exchange services available. Due to the Dinar's volatility and limited exchange options, individuals should exercise caution and remain informed about market conditions. Being well-prepared will ensure that you make an informed decision when exchanging the Iraqi Dinar, whether for investment or personal reasons.
0 notes
Text
On Sept. 14, Algeria’s constitutional court certified President Abdelmadjid Tebboune’s reelection to a second—and final—term in office. Under Tebboune, Algeria has taken steps to transform its economy, making significant progress in the areas of infrastructure, housing, and agriculture. But its economy lacks diversification and unemployment is high. In 2023, youth unemployment stood at 31 percent, according to the U.S. International Labor Organization (ILO).
Historically, Algeria’s economy has struggled for two main reasons: decades of socialism and dependence on hydrocarbon revenues. That combination left Algeria stuck between a state-run and a market economy. A series of anti-corruption crackdowns over decades also made many entrepreneurs wary of risk-taking and innovation.
There’s no denying that Algeria is a petrostate. It has the 10th-largest proven natural gas reserves and third-largest untapped shale gas resources globally, and it is also the world’s fourth-largest gas exporter, according to the U.S. International Trade Administration. Sonatrach, Algeria’s national oil company, found that two-thirds of the Algerian prospective acreage remains underexplored. In 2023, Algeria’s oil and natural gas exports have accounted for 20 percent of its GDP, 90 percent of its exports, and 60 percent of its fiscal revenues.
But Algeria is also a country with vast untapped potential—and with the right economic reforms, it can become much more than a petrostate.
While Algeria’s hydrocarbon sector has powered the economy for decades, the capital-intensive nature of the sector has done little to help create decent jobs. To move forward, Algeria needs to rekindle a culture of entrepreneurship, attract investment, and reduce its dependence on hydrocarbons. Agriculture, mining, renewable energy, logistics, manufacturing, tourism, and digital services are all sectors where Algeria could excel.
After Algeria gained its independence from France in 1962, its industrial policy aimed to develop heavy industry largely failed and its economic institutions became dependent on the hydrocarbon industry. Since then, Sonatrach has been the cornerstone of country’s economy. According to the International Monetary Fund (IMF), hydrocarbon revenues constituted about 60 percent of the Algerian government’s budget revenues in 2023—making government expenditures just as volatile as the oil market, which has posed a challenge for the country. Following a balance of payment crisis in the 1990s, the IMF imposed a drastic fiscal adjustment program designed to open the Algerian economy. This came at the onset of Algeria’s “black decade,” when the country was battling terrorism. Severe budget cuts and a massive devaluation of the Algerian dinar led to spiraling inflation, making an already dark period even worse.
Fear of being subject to another so-called international diktat has been an important driver of Algeria’s prudent economic stewardship ever since. To date, Algeria barely has any external debt. That is the result of an over two-decade-old policy to limit dependency on international capital markets.
Add to that the complex legacy of over a century of French colonization, which has made economic sovereignty a central tenet of how Algeria does business. The state has a pervasive role in the economy, where it constantly bails out deficient state-owned enterprises. A large informal sector has formed in reaction to overregulation and other barriers to entry. The informal sector is estimated to comprise around 30 percent of Algeria’s GDP and 37 percent of its workforce. Too many talented Algerians have elected to leave the country amid these conditions, creating a brain drain. Reversing that brain drain is a tall order for Algeria.
The country’s pathway to prosperity requires striking a balance between economic sovereignty and an openness to international trade and foreign investment. Algeria could achieve a hybrid form of state capitalism in key sectors such as energy, agriculture, and the defense industry, while also opening other sectors like manufacturing, transportation, tourism, and finance to direct foreign investment, much like China has done. Full economic liberalization is neither likely nor desirable for Algeria.
Three pillars would underpin Algeria’s economic transformation.
First, Algeria needs to articulate a vision for its transformation with key performance indicators. These will help the government evaluate its progress against set goals, similar to Saudi Arabia’s Vision 2030 plan. The plan aims to diversify the country’s economy and limit its dependence on oil. As part of this effort, the Saudi government has undertaken a wide array of reforms and built massive infrastructure projects. So far, it has been financed exclusively by the state. Algeria would have to put a greater focus on mobilizing private sector investment.
The horizon for an Algeria 2030 plan should be in the not-too-distant future, ideally in the next five years. It could lay out a roadmap for macroeconomic and structural reforms in key sectors including energy, mining, agriculture, digital technology, and finance. Several emerging platforms in ride-sharing and e-commerce point to Algeria’s potential to modernize its economy. Yet in the finance world, Algerian authorities have been hesitant to open the banking sector and allow fintech to take root.
In clearly articulating the goals of Algeria 2030, leaders have an opportunity to build a shared vision for economic transformation with the support of their citizenry. Doing so will make the country more attractive to foreign investors, too. Algerian authorities should embrace the debate on economic policy, including via independent think tanks. But there are too few, owing to government policies to discourage or ban them. Allowing such institutions to create and diffuse ideas would provide journalists and others with the information they need to hold governments accountable. Providing an opportunity to rally the population behind a new vision must be an integral part of Algeria’s transformative agenda.
Second, Algeria should consider the creation of a sovereign wealth fund from hydrocarbon and other mineral revenues. As Algeria pursues more fiscal discipline and transparency, the country could accumulate savings into its sovereign wealth fund. In turn, it could invest these savings into foreign assets with strategic importance for the country, such as energy, agrobusiness, or technology sectors. The sovereign wealth fund would not only help Algeria achieve relatively high returns and familiarize it with international markets, but it would also help with technology transfer and localization of production by acquiring stakes in companies investing in the country, just like how Botswana acquired a 15 percent stake in the De Beers mine.
Algeria missed the opportunity to build a sovereign wealth fund in the 2000s, when energy prices reached record high levels due to China’s rising demand. Notwithstanding the uncertainty surrounding the direction of oil prices, Algeria accumulated a healthy $69 billion in international reserves in 2023. The opportunity cost of holding such large reserve levels is high not only in returns—reserves are invested in low-risk, low-yield securities—but also in what Algeria could gain from engaging with the world economy. In a promising step, the Algerian government announced this month that it would resume external borrowing, including from multilateral and bilateral institutions, after decades of a quasi-ban.
Third, Algeria should set up special economic zones to attract much-needed investors and create jobs. Special economic zones can help bypass red tape and complex bureaucracy—something Algeria is notorious for. The city of Shenzhen, China, is an example where creating a special economic zone amounted to a success story: A once-deficient business environment flourished once it promoted tax- and free-market incentives.
The Algeria 2030 plan would articulate reforms to simplify investment in the country. But changing those norms will take time. Establishing special economic zones would showcase openness to foreign investors and could jumpstart key sectors such as tourism and logistics, which would create many jobs.
Algeria is at a crossroads. Tebboune has an opportunity to put forward and implement an ambitious and credible vision for economic transformation. He must take advantage of it.
0 notes
Text
The Present Scenario of Iraqi Dinar
Author James Cuck Published November 7, 2011 Word count 503 You must come to know about the news Iraqi dinar is going revaluated by the government. If you are investor of Iraqi dinar or have mind to make investment in this currency, then you would think that you should join the band wagon of investors. The fact and truth is that, you can be successful in buying the Iraqi dinar and get profit…
0 notes
Text
Selling 4.0 flat Čelebonovića Bežanijska Kosa Novi Beograd wheelchair ramp park view huge terrace glass winter house renovated furnished tenanted property investment real estate buy-to-let Serbia Expo 2027 Surcin Large 3 bedroom apartment, 110m2, VP/6, 26m2 terrace, CG, klima, parking. Equipment, appliances, furniture are new on manufacturers guarantee. My tenants moved in August 2024 on a one year tenancy contract at e990 monthly to my brand new 3 bedroom apartment. That is almost e11880 yearly income. The modern building from 1995 with a large public parking shaded with trees for unlimited cars. Hence can serve as a business space, co-working office. Two empty parking spaces next to the building for disabled wheelchair users are situated next to ramp, no step or gap to cross. The apartment is located on the high ground floor, elevated 1 metre in relation to the terrain. Rooms oriented on cooling North, with kid's room and kitchen on South. Venetian mirror windows with blinds. Two exits from rooms to terrace, from which there is an exit by steps to garden lawn on the ground level. The terrace is walled 50cm and fenced 100 cm up. Completely renovated, replaced electrical and plumbing installations, PVC interior and exterior carpentry, quality brand name bathroom and toilet, parquet planed and varnished. Air conditioning inverter unit with heater. Bright and sunny, freshly white painted, fully furnished and fully equipped on 113 m2, with 84m2 registered, 7m2 roofed terrace (extends from the sitting room, a second salon or office working space), 19m2 unroofed terrace, 3 m2 additional entrance hall incorporated from unused public space. By the owner. Infostan 12500dinars. With the planned connection to municipal gas, already on a waiting list for a governmental financial grand, heating bill will be according to individual use, fraction of present charges. Yearly property tax is only 12 000 dinars Apartment is 257 cm high and consists of: - kitchen 7 m2 enclosed by glass door, fully equipped with 200 litres fridge-freezer and 2 m2 shelved pantry. - bathroom 4m2 with 7kg washing machine, - living room 18 m2 with double doors to glassed winter house, - dining room 7 m2 with table for up to 8, connecting to all other rooms, - three bedrooms - 2 master bedrooms both 13m2 with king's and super king's beds, and 7m2 children bedroom with a double 140cm bed, - large terrace of 26 m² with 7 m2 glass winter house, - toilet 1.40 m2 with a sink and wall cupboard with mirror, - entrance hall 7 m2 with metal door with 2 high security safety locks, intercom. Security cameras at house entrance, corridors. - green secluded courtyard with roofed private space 12 m2 for barbecue, charging wheelchair, scooter or quod, children playground. Accessible by gate. Ideal for a multi generational family, including wheelchair users. Any kind of pets are allowed, ample space for all creatures. The building is of high construction quality. The outer insulation by mineral wool is planned. Close to the international road system with 2km to motorways number M11, 70 and 75, taking to Belgrade Tesla International Airport and Expo 2027 Belgrade Surcin Exhibition Hall in 14 minutes drive and same timing to the city centre. Multiple public busses from outside building and from within 3 minutes walk, taking to all parts of the city. Next to: Ozone Mirisna Livada Oaza Fragrant Flower Meadow Skriveni Tajni Dijamant Hiking area Teniski tereni Tenis School Škola Fudbala F.K. Lane Football School Sport Fields 130m Sportski Centar 7 Soccer Club Field. SC Bezanija judo tenis football aikido jiu jitsu karate Sports Clubs 1km Belgrade Squash Club Beograd Teratana Blok Revolution Gym Bežanija Iskrica Vrtič nursery school kindergarten 80m Primary school „Dragan Lukić“ 1km Руска школа Foreign languages program school 3.8km Mastograd Indoor kids playground 150m Dečija Igraonica Ostrvo sa Blagom Novi Beograd children's amusement space 200m Special Rubber Park basketball court 500m Sfetofor
Discount grocery shop 700m Small shopping centre, post office, banks, bakery, Maxi, green market, service shops, pubs, oriental eateries, restaurants within walking distance. Friendly and peaceful neighbours. Payment in cryptocurrencies is welcome. Viewing possible by video call on whatsapp, viber, telegram. Property is on a verge of a forest and wild nature area, great effort is taken to keep critters from the vicinity, but they do encroach to outdoor space. Contakt: Gosa 00381654635963, [email protected] Thank you for your kind attention. Jan, Vlastnik Expo 2027 in Belgrade Surcin In 2027 Ekspo exhibition will be held in Belgrade Serbia, establishing themselves as the global hub of education, culture, and innovation. The exhibition "Play for Humanity: Sports and Music for All" in Belgrade highlights the importance of games, sports and music in shaping humanity. Roughly 120 countries, international organizations and businesses have the chance to respond on the specified theme by presenting through different activities and programmes within a 25-hectare exhibition space. At EXPO2027 New Belgrade Bezanijska Kosa, visitors can expect to see new infrastructure, transportation networks and access, as well as the latest technologies. It'll moreover incorporate lasting spaces and offices presentation lobbies and open spaces, which can empower Serbia to meet the wants of society by sorting out competitions and occasions of both neighbourhood and worldwide scale. EXPO encompasses a transformative control in forming the discernment of the have nation within the world and drawing consideration to its capacities and accomplishments. At the same time, EXPO is an opportunity to advance strategy, and the financial and social improvement coming about from the association of EXPO is an motivation for feasible urban change, influencing engineering, urban arranging, transportation, as well as intangible zones such as culture and instruction. It is anticipated that the association of EXPO 2027 Belgrade will result in a wide run of socio-economic changes, profiting both the neighbourhood population and the city of Belgrade, the Republic of Serbia, and the more extensive locale. Since Belgrade will ended up a worldwide center for thought trade in 2027, we'll have the opportunity to see the most recent innovative patterns displayed at the Presentation. EXPO 2027 Belgrade will contribute to the improvement of the capital, as well as the economy of the complete nation. The association of the show will have an affect on the increment in development works, as well as the development of modern inns, the National Stadium, the Reasonable, the waterway harbour, etc. The association of this occasion will have a critical affect on Serbia's GDP, with the biggest deluge anticipated through neighbourliness, tourism, inn industry, and other exercises. Subsequently, this will too cruel higher financial development and a more grounded economy. The occasion itself will too pull in remote capital to Serbia, which is getting to be an indeed more alluring venture goal. EXPO 2027 Belgrade will altogether affect the increment in work and the creation of modern occupations. Huge foundation ventures will be built, and they will be utilized long after the presentation, taking after their transformation. Belgrade and Serbia will show themselves as a worldwide capital of instruction, culture, sports, craftsmanship, and advancement amid the Show. It is evaluated that we'll have over 4.2 million visits amid the three-month presentation. All of them, as well as media consideration and open intrigued, give an opportunity to show our financial and innovative potential, science, culture, craftsmanship, history to the world, at the side the vision of Serbia's future, as the biggest territorial middle and capital of advancement and advancement in this portion of Europe. The first tender for the EXPO 2027 project has been published Although this is a public call for bids, the estimated value of the public procurement has not been published.
The client is looking for the services of creating technical documentation, catalogs, 3D models and the furnishing project of a residential complex in Surčin, which will extend over several plots, with a total area of over nine hectares, Nova ekonomija writes .At that location, as can be seen from the tender documentation, the construction of residential buildings with a basement, underground garages, and a ground floor, up to (up to) seven floors high, is planned. The total planned construction area is about 160,000 square meters.Business premises are planned in the ground floor, and around 1,500 apartments in the residential complex.As stated, the desirable average area of the apartment is about 55 square meters, and all apartments from the first floor should be designed with terraces.The residential complex should be built for the purpose of holding the special International Exhibition EXPO 2027, and the public procurement was announced on the Portal within the special section for EXPO, which has started working.The client of the work established the company SPV Galovica 1 doo for the needs of the EXPO 2027 exhibition, and the deadline for submitting bids is April 26 of this year. Construction of facilities for Expo 2027 increased in price from 12 to 18 billion euros Serbia plans to invest 17.8 billion euros in preparations for the Belgrade Expo 2027 international exhibition, Vučić said. preparations for the international exhibition Belgrade Expo 2027, and the majority will go to the construction of facilities for that event, said President Aleksandar Vučić. President Vučić presented the "Leap into the future - Serbia Expo 2027" plan for the period from 2024 to 2027, the key points of which are the growth of the average salary to 1,400 euros, the accelerated modernization of Serbia, the construction of infrastructure and industrialization, agriculture and the environment. - The plan is comprehensive and ambitious, said Vučić. Retired professor of the Faculty of Economics in Belgrade, Danica Popović, commented on the plan, saying that Vučić increased the cost of construction of facilities for Expo 2027 from 12 billion euros to 18 billion euros and abolished tenders, "so the favorites of the ruling Serbian Progressive Party (SNS) will find work there". She reminded that less than half a year ago it was said that the construction for EXPO 2027 would cost 12 billion euros.The EXPO will be held in Belgrade from May 15 to August 15, 2027 with the proposed theme "Play for humanity - sport and music for all".
0 notes
Text
Selling 4.0 flat Čelebonovića Bežanijska kosa Novi Beograd wheelchair ramp park view huge terrace glass winter house renovated furnished tenanted property investment buy-to-let Serbia Expo 2027 Surcin Large 3 bedroom apartment, 110m2, VP/6, 26m2 terrace, CG, klima, parking. Equipment, appliances, furniture are new on manufacturers guarantee. My tenants moved in August 2024 on a one year tenancy contract at e990 monthly to my brand new 3 bedroom apartment. That is e11880 yearly income. The modern building from 1995 with a large public parking shaded with trees for unlimited cars. Hence can serve as a business space, co-working office. Two empty parking spaces next to the building for disabled wheelchair users are situated next to ramp, no step or gap to cross. The apartment is located on the high ground floor, elevated 1 metre in relation to the terrain. Rooms oriented on cooling North, with kid's room and kitchen on South. Venetian mirror windows with blinds. Two exits from rooms to terrace, from which there is an exit by steps to garden lawn on the ground level. The terrace is walled 50cm and fenced 100 cm up. Completely renovated, replaced electrical and plumbing installations, PVC interior and exterior carpentry, quality brand name bathroom and toilet, parquet planed and varnished. Air conditioning inverter unit with heater. Bright and sunny, freshly white painted, fully furnished and fully equipped on 113 m2, with 84m2 registered, 7m2 roofed terrace (extends from the sitting room, a second salon or office working space), 19m2 unroofed terrace, 3 m2 additional entrance hall incorporated from unused public space. By the owner. Infostan 12500dinars. With the planned connection to municipal gas, already on a waiting list for a governmental financial grand, heating bill will be according to individual use, fraction of present charges. Yearly property tax is only 12 000 dinars Apartment is 257 cm high and consists of: - kitchen 7 m2 enclosed by glass harmonica door, fully equipped with 280 litres fridge-freezer and 2 m2 shelved pantry with another fridge-freezer. - bathroom 4m2 with brand new 7kg washing-drying machine, - living room 18 m2 with double doors to glassed winter house, - dining room 7 m2 with table for up to 8, connecting to all other rooms, with 2 glass harmonica doors, - three bedrooms - 2 master bedrooms both 13m2 with king's and super king's beds, and 7m2 children bedroom with a double 140cm bed, - large terrace of 26 m² with 7 m2 glass winter house, - toilet 1.40 m2 with a sink and wall cupboard with mirror, - entrance hall 7 m2 with metal door with 2 high security safety locks, intercom. Security cameras at house entrance, corridors. - green secluded courtyard with roofed private space 12 m2 for barbecue, charging wheelchair, scooter or quod. Children playground with large hanging swings. Accessible by gate and also by 4 steps down from children's bedroom. Ideal for a multi generational family, including wheelchair users. Any kind of pets are allowed, ample space for all creatures. The building is of high construction quality. The outer insulation is mineral wool is planned. Close to the international road system with 2km to motorways number M11, 70 and 75, taking to Belgrade International Airport and Expo 2027 Belgrade Surcin Exhibition Hall in 14 minutes drive and same timing to the city centre. Multiple public busses from outside building and from within 3 minutes walk, taking to all parts of the city. Next to: Ozone Mirisna Oaza Fragrant Flower Meadow Skriveni Tajni Dijamant Peščara Hiking area Teniski tereni Jovan Petković Sports Park 100m Škola Fudbala F.K. Lane Football School Sport Fields 130m Sportski Centar 7 Soccer Club Field. SC Bezanija judo tenis football aikido jiu jitsu karate Sports Clubs 1km Belgrade Squash Club Teratana Blok Revolution Gym Iskrica nursery school kindergarten 80m Primary school „Dragan Lukić“ 1km Руска школа Foreign languages program school 3.8km Mastograd Indoor kids playground
150m Dečija Igraonica Ostrvo sa Blagom Novi Beograd children's amusement space 200m Special Rubber Park basketball court 500m Sfetofor Discount grocery shop 700m Small shopping centre, post office, banks, bakery, Maxi, green market, service shops, pubs, oriental eateries, restaurants within walking distance. Friendly and peaceful neighbours. Payment in cryptocurrencies is welcome. Viewing by video call on whatsapp, viber, telegram. Property is on a verge of a forest and wild nature reserve, great effort is taken to keep critters from the vicinity, but they do encroach to outdoor space. Kontakt: Gosa 00381654635963, [email protected] Thank you for your kind attention. Jan, Vlastnik About Expo 2027 Belgrade Surcin Belgrade and Serbia will host the Specialised EXPO exhibition in 2027 and present themselves as the world capital of education, culture, and innovation. The theme of the exhibition in Belgrade is “Play for Humanity: Sports and Music for All” and it focuses on the importance of games, sports and music and their contribution to the development of humanity. About 120 countries, international organisations, and companies will have the opportunity to respond to the given theme by presenting through various programmes and activities on a 25-hectare exhibition space. EXPO 2027 Belgrade will leave behind new infrastructure, improved access and transportation networks, as well as the implementation of the latest technologies. It will also include permanent spaces and facilities – exhibition halls and open spaces, which will enable Serbia to meet the needs of society by organising competitions and events of both local and international scale. EXPO has a transformative power in shaping the perception of the host country in the world and drawing attention to its capacities and achievements. At the same time, EXPO is an opportunity to promote diplomacy, and the economic and cultural development resulting from the organisation of EXPO is an incentive for sustainable urban transformation, affecting architecture, urban planning, transportation, as well as intangible areas such as culture and education. It is expected that the organisation of EXPO 2027 Belgrade will result in a wide range of socio-economic changes, benefiting both the local population and the city of Belgrade, the Republic of Serbia, and the wider region. Since Belgrade will become a global hub for idea exchange in 2027, we will have the opportunity to see the latest technological trends presented at the Exhibition. EXPO 2027 Belgrade will contribute to the development of the capital, as well as the economy of the entire country. The organisation of the exhibition will have an impact on the increase in construction works, as well as the construction of new hotels, the National Stadium, the Fair, the river port, etc. The organisation of this event will have a significant impact on Serbia’s GDP, with the largest influx expected through hospitality, tourism, hotel industry, and other activities. Consequently, this will also mean higher economic growth and a stronger economy. The event itself will also attract foreign capital to Serbia, which is becoming an even more attractive investment destination. EXPO 2027 Belgrade will significantly impact the increase in employment and the creation of new jobs. Large infrastructure projects will be built, and they will be used long after the exhibition, following their conversion. Belgrade and Serbia will present themselves as a global capital of education, culture, sports, art, and innovation during the Exhibition. It is estimated that we will have over 4.2 million visits during the three-month exhibition. All of them, as well as media attention and public interest, provide an opportunity to present our economic and technological potential, science, culture, art, history to the world, along with the vision of Serbia’s future, as the largest regional centre and capital of innovation and development in this part of Europe.
0 notes
Text
When will the Iraqi Dinar Revalue? (Bing’s AI Tool)
Today, I became curious after months of+*/ hearing about arificial intelligence, chat bots, Open AI, ChatGPT, etc. I decided to indulge my own curiosity and also assess just how intelligent these artificial brains really are. The first one I played around with is one created by Microsoft’s Bing.
I posed the following (loaded) question: When will the Iraqi Dinar revalue?
The answer it gave me wasn’t particularly impressive, however, when I first attempted to write this post my browser froze and I lost everything. Interestingly, while the gist was the same, the second time I asked the idenical question I got a slightly different answer.
That answer is below, make of it what you will:
The Iraqi Dinar has been a topic of speculation for many years. The Iraqi Dinar Revaluation (RV) is a theory that the Iraqi Dinar will one day be worth a lot more than it is today. The RV theory is based on the belief that the Iraqi Dinar was artificially devalued by the Saddam Hussein regime in the 1990s, and that it will be revalued to its true value once Iraq becomes a stable and prosperous country².
However, on February 7th, 2023, Iraq's cabinet approved a currency revaluation and set the exchange rate at **1,300 dinars per U.S. dollar**³⁵.
Source: Conversation with Bing, 7/1/2023
Umm... What was the rate before it was 1300-1?
I guess noboddy mentioned to it what the rate had been before the government set t at 1,300 dinars to $1. Most people would consider an 11% ROI pretty good for year’s investment. IQD appreciated that much against the US dollar in one day when it was set at 1300-1. So at leats in 2023, if you buy Iraqi dinar you haven’t lost anythign this year, and appear poised to see your patience pay off like so many of us have long hoped.
Here is what it said when I asked what the rate had been prior to being changed to 1300-1 (it was 1468-1, but Microsoft Bing didn’t know and couldn’t figure that out). The response is as follows:
I couldn't find the exact exchange rate before it was set at 1,300 dinars per US dollar on February 7th, 2023¹. However, the Iraqi dinar was equal to US$4.86 between 1932 and 1949 and equalled to US$2.80 between 1949 and 1971 after being devalued in 1949²³. I hope this helps.
Source: Conversation with Bing, 7/1/2023 (1) 1,300.00 IQD is equal to 0.99 USD. https://bing.com/search?q=iraqi+dinar+exchange+rate+before+1%2c300+dinars+per+US+dollar. (2) IQD/USD: Iraq Revalues Dinar Currency Weeks After Replacing Central .... https://www.bloomberg.com/news/articles/2023-02-07/iraq-revalues-currency-weeks-after-replacing-central-bank-s-head. (3) Iraq lowers dollar-dinar exchange rate - Al-Monitor. https://www.al-monitor.com/originals/2023/02/iraq-lowers-dollar-dinar-exchange-rate.
I couldn’t have just let this go without sending feedback to the AI’s operators and developers.More on that in the next post...
#iraq#iraqi#iraqi dinar#Iraqi Dinars#Buy Iraqi Dinar#iqd#gcr#global currency reset#money#currency#iraq curreny
2 notes
·
View notes
Text
DinarsPay ($DINARS): More Than Just a Token
The phrase "utility token" has gained popularity in the emerging cryptocurrency sector. While many digital assets exist simply for speculative purposes, DinarsPay ($DINARS) stands out as a token with a clear and compelling use case. This article explores the varied functions of $DINARS in the DinarsPay ecosystem.
A Cornerstone of the DinarsPay Ecosystem
$DINARS is the core of the DinarsPay platform. It is the primary mechanism for exchanging the numerous services and items accessible inside the ecosystem. $DINARS enables easy and secure payments for both peer-to-peer transactions and online purchases.
Beyond Payments: The Utility of $DINARS
Governance: $DINARS holders enjoy the privilege of participating in the platform's governance decisions. Through a decentralized voting system, token holders can actively shape the future of DinarsPay.
Rewards and Incentives: The platform employs a robust rewards system that incentivizes $DINARS holders. Users can earn rewards through various activities, such as referrals, staking, and platform engagement.
Access to Exclusive Services: As a token holder, you gain access to exclusive services and features offered by DinarsPay. This might include priority customer support, early access to new products, and invitations to exclusive events.
Deflationary Mechanics: DinarsPay incorporates deflationary mechanisms to enhance the token's value over time. This can be achieved through token burns, buyback programs, and other innovative strategies.
Features of Dinars Token
The fantastic characteristics of the Dinars token are listed below.
Reliability: Dinarstoken can handle any number of transactions without the fear of the network failing or slowing down.
Centralized wallet: With centralized or custodial cryptocurrency wallets, third parties send, store, or receive crypto assets. It is the only one who has access to and control over the funds in Dinars' custodial wallet.
Security: To prevent hackers and other fraudulent users from altering any transactions involving digital assets or the network, Dinarstoken uses the Binance Smart Chain network for transaction confirmation.
Minimal costs: Dinarstoken will have a considerably lower charge than any other major online payment system, enabling users to send, receive, or utilize any number of Dinarstokens for a very little amount of money.
Adverse revenue: To be qualified for passive income, you must get and maintain Dinarstoken. After a predetermined period, token holders receive a proportionate share of the revenue generated by the company's operations.
Utilization: Unlike other cryptocurrencies, whose value is dependent on speculation and market hype surrounding supply and demand, Dinarstoken has a definite utility inside the DinarsPay ecosystem.
Objectivity: Open access to information is made possible by the blockchain's transparent and unchangeable nature, which guarantees accurate data records, completely transparent processes, and fair conditions for all stakeholders.
Mobile App Availability
Users may transmit DinarsPay tokens to one another for free using our DinarsPay mobile app.
Our state-of-the-art mobile application combines the practicality and usefulness of digital payments with the contemporary tools of currencies and alternative investment strategies.
Users can access financial assets and the latest advancements in decentralized finance.
Conclusion
More than simply a digital asset, DinarsPay ($DINARS) fosters innovation, financial inclusion, and user empowerment. Users may recognize the genuine value proposition of the token by comprehending its function and place in the larger ecosystem. The $DINARS coin is positioned to become an essential component of the global financial landscape as DinarsPay grows and changes.
For More Info:
Website : https://dinarspay.com/register
Telegram : https://t.me/dinarspay
TikTok : www.tiktok.com/@dinarspay
0 notes
Text
Gold Prices in Kuwait: Current Trends and Insights for Buyers and Investors
Gold has long been a symbol of wealth and a trusted investment vehicle worldwide. In Kuwait, gold holds a significant place in the economy and culture, with many people buying it for investment, gifting, or jewelry purposes. Kuwait's gold market is highly dynamic, reflecting both global trends and regional preferences. This blog delves into the current trends, factors influencing gold prices, and what buyers and investors need to know about gold prices in Kuwait.
Gold Prices in Kuwait: A Snapshot
The price of gold in Kuwait, as in other countries, is influenced by the global gold rate, which is typically quoted in US dollars per ounce. Local factors such as exchange rates, taxes, and market demand also play a role. The Kuwaiti Dinar (KWD), being one of the strongest currencies globally, often results in comparatively lower local gold prices when converted from USD, attracting both residents and expatriates to purchase gold in the country.
As of recent market trends, gold prices in Kuwait are aligned with international fluctuations, affected by factors like inflation, geopolitical stability, and global economic conditions. Gold is typically sold in grams in Kuwait, with popular purities being 24K, 22K, and 18K. Each purity level has a distinct price point, catering to various buyer preferences.
Factors Influencing Gold Prices in Kuwait
Global Market Trends The international gold market heavily influences local prices. When global gold prices rise due to increased demand, economic uncertainty, or currency fluctuations, Kuwaiti prices follow suit.
Currency Exchange Rates Since gold is traded in US dollars, the exchange rate between the US dollar and the Kuwaiti Dinar impacts local gold prices. A stronger KWD generally leads to more affordable gold prices for local buyers.
Local Demand and Seasonal Trends In Kuwait, gold demand spikes during festive seasons, weddings, and other cultural celebrations. Such times often see a slight increase in prices due to heightened demand.
Import and Retail Costs Kuwait imports a significant portion of its gold. Import duties, transportation, and retail overheads contribute to the final price buyers see in local markets.
Economic and Political Stability Gold is a safe-haven asset. During times of global uncertainty or instability, more people invest in gold, driving up its prices. Kuwait's stable economy ensures consistent demand, supporting steady gold pricing trends.
Why Gold is Popular in Kuwait
Investment: Many people in Kuwait buy gold as a hedge against inflation and currency devaluation. It’s a tangible asset that retains value over time.
Cultural Significance: Gold plays an essential role in Kuwaiti traditions and is a popular choice for weddings, gifts, and dowries.
Tax-Free Purchase: Unlike many countries, Kuwait doesn’t impose taxes on gold, making it an attractive market for buyers.
Tips for Buying Gold in Kuwait
Understand Purity Levels Always check the karat value when buying gold. The higher the karat, the purer the gold. For example, 24K is 99.9% pure gold, while 22K is 91.6% pure.
Compare Prices Prices may vary slightly between shops, so it’s wise to compare rates before purchasing. Many buyers prefer visiting Souk Al-Mubarakiya or Souk Al-Gold, known for competitive prices and authentic products.
Check for Certification Ensure that the gold you buy is certified and hallmarked. Certification guarantees the purity and authenticity of the gold.
Stay Updated on Market Trends Gold prices fluctuate daily based on market conditions. Regularly checking the latest rates ensures you get the best deal.
Consider Making Bulk Purchases Buying in bulk often leads to better deals, as many retailers offer discounts on larger quantities.
Investing in Gold: Opportunities in Kuwait
Gold is not only a luxury item but also a strategic investment tool. Investors in Kuwait have several options to explore:
Physical Gold: This includes gold bars, coins, and jewelry. While jewelry has additional costs like making charges, gold bars and coins are preferred for investment purposes.
Gold ETFs: Exchange-Traded Funds (ETFs) allow investors to gain exposure to gold without owning physical gold. While not as popular in Kuwait, these are an option for those investing through international platforms.
Gold Savings Accounts: Some banks in Kuwait offer gold savings accounts, allowing customers to accumulate gold over time without physically holding it.
Current Trends in Gold Prices in Kuwait
Over the past year, gold prices in Kuwait have mirrored global trends, with periodic increases driven by inflation fears and global geopolitical tensions. In 2024, gold remains a sought-after investment, with analysts predicting steady demand in the region. The retail sector in Kuwait continues to thrive, with both local buyers and expatriates contributing to a robust gold market.
Conclusion
Gold prices in Kuwait are a reflection of both global market dynamics and local preferences. Whether you're buying gold for investment, personal use, or as a gift, understanding the factors that influence prices can help you make informed decisions. Kuwait's strong currency, tax-free gold market, and cultural affinity for gold make it a unique and attractive destination for gold buyers. Staying updated on market trends and practicing smart buying habits will ensure that you get the best value for your money.
#GoldPricesKuwait#GoldInvestment#GoldBuyingTips#KuwaitGoldMarket#GoldTrends#GoldJewelry#GoldInvesting#KuwaitGold#GoldPurity#GoldGramPrice#GoldMarketTrends#KuwaitEconomy#SafeHavenAsset#GoldBars#GoldCoins#GoldSavings#KuwaitGoldSouk#GoldMarketInsights#BuyGoldSmart#KuwaitGoldRates
0 notes
Text
The Economic Impact of Tourism on Bahrain’s Economy
Tourism has long been recognized as a crucial driver of economic growth for many countries worldwide. Bahrain, a small island nation in the Persian Gulf, is no exception. Despite its modest size, Bahrain has leveraged its rich history, cultural heritage, and modern attractions to develop a thriving tourism industry. This article explores the economic impact of tourism on Bahrain’s economy, highlighting key sectors, benefits, challenges, and future prospects.
Immerse yourself in Bahrain's diverse landscape with Bahrain Discover Latest Gulf News. Explore the latest updates on Bahrain's Lifestyle, Bahrain Travel News, Careers, Business, Automobile, and Technology. Stay informed with detailed insights and comprehensive coverage of Bahrain's changing trends. Whether you seek business advice or lifestyle tips, Bahrain Discover is your go-to resource. Visit BahrainDiscover.com to uncover more about Bahrain's vibrant culture and booming industries.
Tourism's Contribution to GDP
Tourism significantly contributes to Bahrain's Gross Domestic Product (GDP). According to the Bahrain Economic Development Board (EDB), the tourism sector accounts for approximately 7% of the country's GDP. This contribution is expected to grow as the government continues to invest in tourism infrastructure and promote Bahrain as a premier travel destination in the Gulf region. The influx of tourists generates revenue for the hospitality and entertainment sectors and related industries such as retail, transportation, and real estate.
Employment and Job Creation
The tourism industry is a major employer in Bahrain, providing jobs for thousands of residents. It offers a wide range of employment opportunities, from hotel and restaurant staff to tour guides, travel agents, and event planners. The industry is also known for its ability to create jobs for young people and women, contributing to social inclusiveness and economic diversification. According to the World Travel & Tourism Council (WTTC), the tourism sector directly and indirectly supports over 50,000 jobs in Bahrain, which represents a significant portion of the workforce.
Foreign Exchange Earnings
Tourism is a vital source of foreign exchange earnings for Bahrain. Visitors from abroad spend money on accommodation, food, transportation, and various leisure activities, thereby injecting foreign currency into the economy. This influx of foreign exchange helps to balance the country's trade deficit and supports the stability of the Bahraini dinar. The government has implemented policies to attract high-spending tourists, such as promoting luxury travel and hosting international events, to maximize foreign exchange earnings.
Infrastructure Development
The growth of tourism has driven significant investments in Bahrain’s infrastructure. The government has prioritized the development of world-class facilities to accommodate and attract tourists. Notable projects include the expansion of Bahrain International Airport, the construction of new hotels and resorts, and the enhancement of public transportation systems. Additionally, investments in cultural and historical sites, such as the Bahrain National Museum and the UNESCO World Heritage Site of Qal'at al-Bahrain, have enhanced the country’s appeal as a cultural destination.
Diversification of the Economy
Tourism plays a key role in Bahrain’s strategy to diversify its economy away from oil dependence. The country has recognized the volatility of relying on oil revenues and has therefore made concerted efforts to develop other sectors, with tourism being a primary focus. By expanding its tourism offerings, Bahrain aims to create a more resilient and sustainable economy. The success of this diversification strategy is evident in the growing contribution of non-oil sectors, including tourism, to the national GDP.
Challenges Facing Bahrain's Tourism Industry
While tourism offers substantial economic benefits, it also faces several challenges. One of the main challenges is the competition from neighboring Gulf countries such as the United Arab Emirates (UAE) and Saudi Arabia, which also have well-developed tourism sectors. Bahrain needs to continuously innovate and enhance its tourism offerings to remain competitive.
Another challenge is the seasonal nature of tourism in Bahrain. The hot summer months can deter tourists, leading to fluctuations in visitor numbers and revenue. The government and private sector need to develop strategies to attract tourists year-round, such as promoting indoor activities and events during the hotter months.
Moreover, the global COVID-19 pandemic has had a significant impact on international travel, including to Bahrain. The tourism sector has had to adapt to new health and safety regulations, and it will take time for visitor numbers to return to pre-pandemic levels. The industry’s recovery will depend on global travel trends and the effectiveness of vaccination campaigns.
Future Prospects and Initiatives
Despite these challenges, the future of Bahrain’s tourism industry looks promising. The government has outlined ambitious plans to further develop the sector. The Bahrain Tourism and Exhibitions Authority (BTEA) has launched the "Bahrain. Ours. Yours." campaign, aimed at showcasing the country’s unique attractions and experiences to both local and international audiences.
The construction of new tourist attractions, such as theme parks, shopping malls, and entertainment centers, is expected to draw more visitors. Additionally, the promotion of Bahrain as a destination for business tourism, with its state-of-the-art conference and exhibition facilities, is anticipated to boost the sector.
Sustainable tourism is also becoming a key focus. Bahrain is working on initiatives to preserve its natural environment and cultural heritage, ensuring that tourism growth does not come at the expense of the country’s resources. Eco-friendly hotels, green transportation options, and conservation projects are part of this sustainable approach.
Conclusion
Tourism has a profound impact on Bahrain’s economy, contributing to GDP, creating jobs, earning foreign exchange, and driving infrastructure development. While the industry faces challenges, the government's strategic initiatives and investments are paving the way for a bright future. As Bahrain continues diversifying its economy and promoting its unique attractions, the tourism sector is set to play an even more significant role in its economic landscape.
0 notes