George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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May peace and blessingsbe upon you and your people Alhamd.
Safeya Mounir , Friday 9 Feb 2024
Said Zaghloul, a member of the Butchers Division of the Giza Chambers of Commerce, attributes the phenomenon to the current dollar shortage. Hard currency is needed to import raw materials or other inputs that go into food production, he said. Traders and producers with the means to do so sometimes resort to the black market to obtain dollars at an exchange rate that has recently hit LE75 to the dollar.
People across the country were stunned by the sharp hikes in food prices last week.
https://rb.gy/6et0cb
Tibbs
Enormous outflows of gold from the COMEX and towards global central banks, reviewing current price action and evaluating silver in the short term.
http://tinyurl.com/3amvs9yd
If true , that Gaza will force to cross border into Egypt , suffering will continue for my country
i read today inflation in Egypt may not be high now , may be extreme , how can the Gaza people live to cross the border by force ?
from steve hanke , not an idiot mind you ,
The Central Bank of Egypt released their official inflation rate for Jan. 2024 at 29%/yr.
This official inflation rate is RUBBISH.
Today, I accurately measure Egypt’s inflation rate at a PUNISHING 120%/yr. That's over 4x the official RUBBISH rate.
so i say pray for Egypt Centamin shareholders all , Allah can help , to prosper , it is getting hard to find enough food to afford for its people , hard is not the proper word , Sisi to give wisdom from heaven soon
Are you asking which to buy or sell?
Both, one or neither?
Source Thee Kings Fund 18 December 2023
Agency and the Office for Health Improvement and Disparities.
Policy, finance and performance or the NHS in a nutshell!
How has spending on the NHS changed over time?
The vast majority of public1 NHS funding comes from general taxation and National Insurance contributions (NICs). A small proportion of funding (1.0 per cent of the total Department of Health and Social Care budget in 2021/22) comes from patient charges for services such as prescriptions and dental treatment.
This excludes private income NHS public providers can earn, and Department of Health and Social Care spending on non-NHS providers.
What is the NHS budget?
Public funding for health services in England comes from the Department of Health and Social Care’s budget. The Department’s spending in 2022/23 was £181.7 billion. The vast majority of this spending (94.6 per cent, or £171.8 billion) was on day-to-day items such as staff salaries and medicines. The remainder was largely capital expenditure on long-term fixed assets such as new buildings or equipment.
Of the day-to-day spending, most (£155.1 billion in 2022/23) was allocated to NHS England for spending on health services. The remainder was allocated to central budgets of the Department of Health and Social Care and its other arms-length bodies such as the UK Health Security Agency and the Office for Health Improvement and Disparities.
Policy, finance and performance or the NHS in a nutshell
Source Thee Kings Fund 18 December 2023
How has spending on the NHS changed over time?
Since 1955/56, spending on the NHS has increased by an average of 3.6 per cent per year in real terms, but this masks substantial variation over time. As most spending on health is allocated from central government, it depends on the decisions made by the government of the day.
Looking more recently, since the Conservative party has been in power (2015/16), spending has increased by 2.8 per cent a year on average in real terms. But it is important to remember that this masks more substantial annual increases or decreases caused by additional investment during the Covid-19 pandemic.
The government’s most recent budget included planned spending to 2024/25. Between 2022/23 and 2024/25, spending on health and social care is projected to increase by an average of 0.1 per cent a year in real terms.
Where does the money go?
In 2021/22, the largest area of day-to-day spending was on staff costs, equating to 40 per cent of expenditure. Other areas of significant spending include primary care (general practice, dentistry, etc), procurement (supplies and services to deliver health care) and non-NHS health care (independent, local authority or voluntary sector providers
One in 20 patients has to wait at least four weeks to see a GP at a time when funding for family doctor services is falling, NHS figures show
.https://rb.gy/bin7fi
Major European stock exchanges traded mostly lower in the premarket on Friday as investors processed the latest data consumer prices index in Germany and the influx of earnings reports from the previous day. Thursday saw Unilever, Siemens, and Credit Agricole unveiling their respective business performance for the most recent quarter. In addition, AstraZeneca's shares dropped after the performance report.
The DAX lost 0.15% at 8:00 am CET, the FTSE went down by 0.09%, while the Euro Stoxx 50 decreased by 0.18% and the CAC 40 shrank by 0.16% simultaneously.
Both, the euro and pound sterling traded flat against the dollar, changing hands at 1.07735 and 1.26197, respectively at 7:57 am CET.
Baha Breaking News (BBN) / AC
Happy Friday y’al
Enjoy your weekend
Gold currently $2033.65
I cannot say if i agree or , if i do not , may Allah give to Sisi wisdom , and to us his people , gold is good ,i f that is , the wolrd is not upended
"Israel is like the United States' 'family jewels.' Is this logic clear now? What does China want to do? They are proposing a two-state solution with the whole world, a two-state solution involving two sovereign nations. Palestine becomes a sovereign country next to Israel, and then allows the People's Republic of China to station troops and establish military bases near Israel's borders. Just think about what this means. 'The intention of the drunkard lies not in the wine.' Just when you thought it was about Taiwan, it turns out to be about Israel. This issue is really quite significant.
"What does China need to do? To prove that the United States is the one violating the post-war order. China subsequently establishes a new order, which is great power competition. What is important? Tawain, this small shabby island, can be taken back sooner or later, but what is the key point? I [China] want to seize the world's order, that's it.
"What do you need to prove about the U.S now? The United States is a troublemaker. Once you prove that the U.S is a troublemaker, what do you do next? Change the order of the United States. If they don't change, you create your own order, it's as simple as that. This is the game of great powers.
https://www.memri.org/tv/chinese-social-media-influencer-big-wild-cat-foreign-minister-egypt-visit-taiwan-palestinians-new-world-order
Russian Defense Ministry announced on Thursday that, as a result of negotiations, 100 Russian servicemen have been returned from captivity in Ukraine, while the same number of Ukrainian prisoners have been handed over in return.
According to the statement, the released Russian soldiers will be taken to Moscow for medical treatment.
The Ministry noted that the United Arab Emirates was the main humanitarian mediator in this negotiation process.
Baha Breaking News (BBN) / DD
There some CPI seasonal revisions tomorrow, initial jobless claims showed employment still strong.
Next Tues is most likely (outside any surprise RNS here), the next potential move day- it’s monthly CPI data.
GLA.
Agree Mr Bond, well worth a read, let's hope it happens!
https://www.kitco.com/news/article/2024-02-07/usd-gold-market-hides-massive-shift-global-demand-now-price-insensitive
Major European stock exchanges traded mixed in the premarket on Thursday amid earning reports of regional companies for their latest quarters. During the day, investors will monitor also comments of the European Central Bank authorities, trying to find clues for the future state of the economy.
The DAX and the FTSE 100 both traded flat at 8:00 am CET, while the Euro Stoxx 50 increased 0.06% and the CAC 40 lost by 0.08% simultaneously.
The euro was up by 0.10% against the dollar at 7:59 am CET, selling for $1.07837. Also, the pound gained 0.06% to go for $1.26330 at the same time.
Baha Breaking News (BBN) / AC
Gold currently $2033.10
Flat market & flat gold price
Happy Thursday y’al
An interesting article by Ernest Hoffman.
USD gold market hides a massive shift : Global demand is now price insensitive.
Well worth a read IMHO.
26 FEB
BMO Global Metals & Mining Conference
21 MAR
2023 Full Year Results
18 APR
Q1 2024 Results
in general,are dropping more than cey and also more erratic in movement.
so when the us sorts itself out in november ,then it could all stabalise .
.unless of course ,some or one of their banks goes **** up, putting it realisticly.
Why we are doing this: We want to test if some firms constantly play a 'sorry, we're experiencing unusually high call volumes' message to put people off staying on the line. And we need your help to gather the data.
https://www.moneysavingexpert.com/report-high-call-volumes/
Thank you Alhamd for enlightening us on this news.
"May piece be upon you"
Tibbs
Thank you Razor,s, and thank you Mr Bond you raise a most pertinent point!
Major European stock exchanges traded mostly higher in the premarket on Wednesday as investors anticipated the latest data on German industrial production and the United Kingdom's house prices. In addition, Total Energies will reveal its latest earnings results.
The DAX rose 0.15% at 8:00 am CET, while the Euro Stoxx 50 gained 0.21%. The FTSE 100 was flat at the same time. The CAC 40 increased by 0.10% simultaneously.
Both the euro and the pound were flat against the dollar at 7:58 am CET, selling for 1.07607 and 1.26034 concurrently.
Baha Breaking News (BBN) / DD
Happy hump y’al
Gold currently $2033.96
Https://www.youtube.com/watch?v=o3DhXyBF93g&pp=ygUIY2VudGFtaW4%3D
Van Eck still selling….or someone else?
When you look at the value of each sold trade versus bought trades the bought are 10 times more.
this must distort the share price, small value traders. Up 10 quid then off to weatherspoons to celebrate.
Number of Trades 618
Vol. Sold 468,425
Sold Value £438.83k
Vol. Bought 1,288,256
Bought Value £1.21m
Firstly I can sympathise with you over the loss of your friend to cancer and the frustrations of dealing with the disjointed NHS departmental system, I too recently lost a friend of over forty years to leukaemia and the situation was much the same as you experienced,
The NHS has far too many trusts, this has led to lack of continuity, inconsistency in costs, ineffective purchasing and a postcode lottery obtaining successful treatments and procedures , I also agree that data should be shared , but it seems that in many instances like your friends there is a general ignorance of the data protection act amongst staff.
You are quite wrong to blame the media tough , they are doing their job, exposing the situation
The reality of the effects of the lack of NHS dentistry is that the government over the past 12 years has worsened the dentists contracts to such an extent that they were carrying out many NHS procedures at break even or a loss.
I have owned properties since 1979, however during the Thatcherite years councils were forced to sell good quality social housing at up to 40% discount but they weren't allowed to use what money the did receive back from sales to build more social housing, despite there being thousands of people in most areas on the social housing waiting lists,
This was also an opportunity for the private landlords to exploit the homeless and needy.
Local council.s were also prohibited from acquiring capital assets, that included refuse trucks, highway plant, photocopiers and all manner of owned equipment, instead they were compelled to lease hire equipment, this was far more costly as councils are tax exempt anyway however pushing up costs for councils was all part of the justification to privatise public services.
Thatcher also scrapped the 1930 public transport act which safeguarded the standards of safety and affordable reliable frequent bus services , Local councils like ours were forced to sell off their municipal bus companies to the private sectors best offer which invariably as in our council case was less than half of their true worth, however this was also a way to get rid of the union membership and so an opportunity to scrap pensions schemes and worsen the staffs terms of employment
https://www.bma.org.uk/advice-and-support/nhs-delivery-and-workforce/pressures/nhs-backlog-data-analysis
https://www.mirror.co.uk/news/politics/department-health-slammed-stats-watchdog-31972187
https://www.independent.co.uk/news/uk/rishi-sunak-nhs-adam-kay-stephen-fry-jo-brand-b2472950.html
Quarter of population now on the NHS waiting list, poll suggests in warning to Rishi Sunak
https://inews.co.uk/news/politics/quarter-of-population-now-on-the-nhs-waiting-list-poll-suggests-in-warning-to-rishi-sunak-2655681
Coming up is one of the holiest months of the year, Ramadan. Knowing how prices are at an all-time high across Egypt, the country is preparing for the holy month ahead of time in anticipation of making sure food is both available and affordable for the entire population. The moment January arrived, Egypt launched the 3-month ‘Ahlan Ramadan’ fairs.
They usually take place 2 weeks before Ramadan, but this year, they kicked off 3 months before the holy month to make sure the population is stocked with discounted food before prices peak even more.
Each governorate has at least 5 outlets for the Ahlan Ramadan fair that are made up of commercial chains and pavilions. Along with the food fair, the government is offering coupons to vulnerable families in Egypt, which can be used to buy essential food from consumer complexes.
There will also be mobile vehicles that’ll be stationed in squares and places where consumer outlets aren’t available and will be selling food items and fresh and frozen meat products for citizens. It’s yet another way to supply food before the holy month.
Beyond the fair, the Egyptian government is working on securing discount deals with major food producers and global suppliers to buy bulk orders in anticipation of the holy month.
Among the food items that they’re getting with discounts is yameesh, which is a collection of nuts that are imported from Syria and other Levant countries and are used in many Iftar dishes across Egypt.
According to the Ministry of Supply and Internal Trade, “We are intensifying efforts to search for local and global companies to provide large quantities of various food items, especially Ramadan yameesh, at reduced prices in preparation for the holy month of Ramadan.”
All these efforts will help to ensure that Egyptian citizens and families are ready for the upcoming holy month.
https://scoopempire.com/in-a-tough-economy-egyptian-government-offers-various-aid-methods-ahead-of-ramadan/
may Allah richly bless our Sisi , protector of his people , helper of the poor