Iraq News and Some Thoughts From KTFA 6-13-2024

KTFA:

BuckEyeTree:  The Forex Live My Charts showed the IQD Futures trade at $4.21 at about 10:33am ET this morning.  What potential the IQD has!! Woho! Just wait for the reveal and international trading.

IMO when Sudani said this year, those words could apply to June as well as December, but I am inclined to think sooner not later.

Sudani is not giving any date until it is time for him to do that on Iraq TV. When the Iraqis see videos showing the new lower notes, the rate would be very near at hand. There seems to be excitement in the air among Iraqis because their leaders, Sudani and Alak, are about to make good on their promises.  In My Opinion.

We wish Iraq and Iraqis well for an improved Iraq. May that region have peace which brings prosperity.

Stay grounded. Big bucks have big responsibility.

Clare: It will be transformed into a modern facade...a huge project awaiting an Iraqi city

6/13/2024   Nineveh - 

The Italian company SGI, which is implementing the basic design project for the city of Mosul (the center of Nineveh Governorate), announced the commencement of the expansion project immediately after the Eid al-Adha holiday, indicating that work on collecting data and information from the concerned departments will actually begin immediately after the Eid.

The first supervisor of the expansion project, the Governor of Nineveh, Abdul Qadir Al-Dakhil, said, “The Italian company SGI will embark on the expansion project of the city of Mosul,” noting that “the company has a long history in this field,” adding that “its mission will be to reorganize the city in terms of services and economics.”
Al-Dakhil directed all security and service sectors in Nineveh to "cooperate to make this project a success in the planned manner to restore life to the city of Mosul after several years of destruction."

He also pointed out that "the expansion will add more than 160,000 dunams to the city of Mosul, which will be used for housing purposes and the establishment of green areas and malls," he said.

The Governor of Nineveh, Abdul Qadir al-Dakhil, signed a contract with the Italian engineering company SGI to start a long-stalled project to expand the city of Mosul. The proposed project would expand the city by 7 kilometers (4.5 miles) in all directions, and includes the development of 160,000 dunums (1,600 hectares). ) of lands allocated for investment in industrial, agricultural, housing and tourism projects.

Nineveh has a population of about 4 million people, and it is one of the most religiously and ethnically diverse regions of Iraq. The majority of its residents are Arabs and Kurds, who are Sunni Muslims, and most of them reside in the governorate center (Mosul), and the city and the governorate areas are also home to a large number of Christians.

In a press conference announcing the project, Al-Dakhil described it as an unparalleled opportunity for Nineveh, and presented the governorate’s council with 20 projects that would be included in the development campaign. In addition, the Mosul administration plans to build a small sports city to replace the dilapidated local administration stadium.  LINK

Clare:  Sudanese Advisor: The development path will provide more than 100,000 job
opportunities

6/13/2024

Advisor to the Political Advisor to the Prime Minister, Fadi Al-Shammari, said today, Thursday, that the development path will provide more than 100,000 job opportunities.

Al-Shammari said in press statements followed by Mawazine News, that “the development road project is a purely Iraqi idea,” noting that “invitations have been sent to all neighboring and Gulf countries to participate in the development road as an international crossing linking the East with the West.”

He added, "The cost of the development road is 17 billion dollars, and it is expected that the basic stages of the road will be opened within 5 years."

He pointed out that "the road passes through 10 governorates up to the Iraqi-Turkish border, from which it will be connected to the highway network in Turkey," pointing out that "the development road will connect the areas on both sides of it by 7 km on both sides of the road along the line (16,660,000 km) meters to Hawislat." Cities, factories, factories, warehouses, and investment projects that contribute to diversifying sources of income.”

He continued, "The development path is designed to build a (new Iraq) in western Iraq from Basra all the way to Nineveh."

The Sudanese advisor added, "The road will provide job opportunities for more than 100,000 and more," while noting that "the region is facing promising opportunities and we are discussing the regional implications for ending conflicts and moving toward development." LINK

Clare: Iraq signs a new financing agreement for Gulf connectivity

6/13/2024 Baghdad – 

The Minister of Electricity, Ziad Ali Fadel, announced today, Thursday, the signing of the second financing agreement between the Gulf Electricity Interconnection Authority and the Kuwait Fund for Arab Economic Development.

The minister said in a statement received by Mawazine News Agency, after signing the agreement in the State of Kuwait, that “concluding this agreement is a strategic step towards enhancing the stability of the electrical network in southern Iraq, and represents fruitful cooperation between Iraq and the Gulf countries in the energy sector.”

Fadel praised "the efforts of the Gulf Electricity Interconnection Authority in achieving this important achievement, which will contribute to improving energy efficiency and meeting the needs of our people." Iraq had concluded an agreement with the Gulf Interconnection Authority, to connect the southern Iraq network to the Gulf electricity network, with a length of (295) km, by extending overhead transmission lines with a voltage of (400) kilovolts from the Wafra station in the State of Kuwait, to the Al-Faw station in the far south of Iraq.

And providing it with a capacity of up to (500) megawatts in the first phase, and (2000) megawatts in the second phase.   LINK