More News, Rumors and Opinions Tuesday PM 11-26-2024
KTFA:
Clare: Iraqi Parliament adjourns session after first discussion of amending triennial budget law
11/26/2024
The Iraqi parliament, headed by Mahmoud Al-Mashhadani, adjourned its session held today, Tuesday, after a first discussion to amend the Triennial Budget Law and two other laws.
The Iraqi Council of Representatives held its 17th regular session for the third legislative year, the second legislative term, headed by the new Council Speaker Mahmoud Al-Mashhadani, with the attendance of 168 representatives.
According to the media department of the House of Representatives, the House voted to extend its legislative term for one month.
The Council completed the first reading of the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.
He also completed the first reading of the draft law amending the fifth amendment to the Civil Aviation Law No. (148) of 1974.
He also completed the first reading of the draft law regulating the rights of the victims of Ibn Al-Khatib Hospital, the victims of Al-Naqa Center, and the victims of the Al-Hamdaniya incident.
During the session, (Hello Mustafa Kaka Reda) took the constitutional oath as Minister of Environment.LINK
************
Clare: Parliamentary Committee: Parliament will vote on the Industrial Investment Law in its next session
11/26/2024
Deputy Chairman of the Parliamentary Investment Committee, Hussein Al-Saabari, confirmed on Tuesday that the Industrial Investment Law will be voted on in the next session of Parliament, pointing out the importance of the law with regard to customs and tax exemptions as well as banks’ support for the industrial sector.
Al-Saabari told Shafak News Agency, "The House of Representatives will vote in the next session on the Industrial Investment Law, which is considered one of the important laws in the field of investment, and the law is considered the beginning of the industrial movement in Iraq."
He pointed out that "this law is considered an important shift in industrial investment, as it contains many articles, including customs and tax exemptions, as well as bank support for the industrial sector and other articles that serve industrialists."
Al-Saabari explained that "there is an article in the law that includes the ownership of land by industrial investors outside the municipality's borders and the basic design." LINK
***********
Clare: Oil Committee meets to discuss budget amendment text regarding Kurdistan oil
11/26/2024
Baghdad - WAA - Wissam Al-Mulla
The Oil, Gas and Natural Resources Committee held a meeting today, Tuesday, to discuss the text of the budget amendment regarding the Kurdistan Region's oil.
The correspondent of the Iraqi News Agency (INA) said, "The Oil, Gas and Natural Resources Committee held a meeting today to discuss the text of the budget amendment regarding the Kurdistan Region's oil," indicating that "the dates and schedule for hosting the Ministry of Oil officials for the coming week were discussed."
He added that "the reports of the temporary subcommittees formed were discussed," noting that "the date of the periodic meeting at the Ministry of Oil was set to review the achievements of the oil sector and the government program." LINK
***********
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man All of those things over the last 21 years that they've been working on are now coming to a final end because they're getting to that stage where Iraq is ready to hit the ground running. They have the saturation. They have the education for the citizens...well over $110 billion in reserves...153 tons of gold...Their coverage is completely well done for their currency that they have outstanding. That's a really good sign.
Frank26 I bought my first dinars back in 2004 when they were commissioned by the IMF to print new currency. I jumped on it right away. A million back then was between $500 and $600. Do you realize I have doubled my money if I was to go in and cash my dinars in right now. I'd walk out with a profit. But I don't. That's not my end goal. I'm looking for the Real Effective Exchange Rate. That will only occur in float. It will only float once they release the new currency with a new rate. IMO that's what we're witnessing right now.
************
How IQD Investors Can Invest Iraqi Stock Market
Edu Matrix: 11-26-2024
How IQD Investors Can Invest in the Iraqi Stock Market - IQD Rate at 1302! Israeli-Iraq Conflict Brewing and Important Call to PM Last Thursday.
Discover how to invest in the Iraqi Stock Market as a foreigner! Learn how to open a trading account, find the right broker, and navigate opportunities in one of the most intriguing emerging markets.
This guide covers key investment tips, potential risks, and how to tap into Iraq's growing economy with sectors like banking, telecom, and energy.
Perfect for beginners and experienced investors looking to diversify their portfolios internationally!"