KTFA Members "News and Views" Thursday PM 8-24-2023
KTFA:
Clare: Saudi Foreign Minister meets Iranian President on the sidelines of the "BRICS" summit
8/24/2023
Saudi Foreign Minister Faisal bin Farhan met today, Thursday, with Iranian President Ibrahim Raisi.
Tasnim International News Agency reported that the two sides held short talks on the sidelines of the BRICS summit.
Six new countries have joined the "BRICS" group, according to what was announced by South African President Cyril Ramaphosa during a summit of the group in Johannesburg.
As of January 1, 2024, Iran, Saudi Arabia, the United Arab Emirates, Egypt, Argentina and Ethiopia will join the group of emerging countries seeking to enhance their influence in the world.
It should be noted that Iranian-Saudi relations have recently witnessed several developments, and Iranian Foreign Minister Hussein Amir Abdollahian visited Riyadh, while the two sides exchanged invitations for King Salman bin Abdulaziz and his crown prince, Mohammed bin Salman, to visit Tehran, and for Ibrahim Raisi to visit Riyadh. LINK
Clare: Banking reform file.. The Governor of the Central Bank discusses it with the World Bank delegation
August 24, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Al-Alaq, received today, Thursday, a high-ranking delegation from the World Bank headed by Mr. Farid Belhadj, Vice President of the World Bank for the Middle East and North Africa.
During the meeting, they discussed the efforts of the Central Bank of Iraq to organize and consolidate external transfers in accordance with compliance requirements and international standards, and to encourage merchants to enter the electronic platform to buy dollars by providing facilities and simplifying tax and customs procedures that the government is making anticipated amendments to.
The meeting discussed granting small loans through the "Riyada" bank, which will be responsible for providing various loans with the support of the Central Bank of Iraq and private banks, and working to establish a loan guarantee company, as well as paying attention to compliance and risk standards for the development of the banking sector.
The meeting dealt with the conditions of government banks, which constitute approximately 80% of the size of the Iraqi banking sector, and dealt with plans to improve their work, including amending their internal systems to implement institutional governance issued by the Central Bank, and plans to restructure those banks.
In turn, the World Bank delegation praised the efforts and procedures of the Central Bank of Iraq at all levels, expressing its readiness to provide any advice or technical expertise in these areas, and to continue implementing the programs it is working on with the Central Bank.
The Central Bank of Iraq,
Media Office,
August 24, 2023
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Turk182: Doesn't Today mark the "30-Days" that the Court gave Iraq/CBI to Enact/Implement/Open/Spend/Etc on their 2023, 2024, 2025 Budget that was Officially Posted in the Gazette back on Monday, June 26th 2023?
Just curious, will the Courts be forced to intervene here in order to give the Citizens of Iraq that of which their Government has been promising them for 9+Months?
The beginning of the 3rd quarter was July, and end of the quarter is the end of September.
Frank was saying that thing's happen at beginning or end of a quarter on the call. He also said 30 days from July 26th. It will be what it will be. Whatever.
Will be excited when it's over.
Zeeman: while you are correct remember Iraq is in the middle east and they do things on their time and not always when they are supposed to…. imo
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Clare: The US ambassador meets with representatives of the World Bank to support the Sudanese government
8/24/2023 Baghdad:
The US Ambassador to Baghdad, Elena Romanowski, announced today, Thursday, the meeting with representatives of the World Bank, to support the efforts of Prime Minister Muhammad Shia Al-Sudani, to build the Iraqi economy.
Romanowski said, in her tweet: "I met with representatives from the World Bank and discussed ways to provide technical assistance and other ways in which the bank can support the efforts of Prime Minister Muhammad Shia al-Sudani to build Iraq's economy and provide world-class infrastructure to ensure a better future for Iraqis." LINK
Al-Sudani launches a major tourism project: a landmark and architectural masterpiece in Baghdad
8/24/2023 Baghdad
Al-Sudani launches work on a project to build a large tourist complex in central Baghdad
Al-Sudani Office: The project includes a hotel and a residential complex implemented by the Qatari Investment Holding Company
Al-Sudani in a speech during his launch of the work on the project: I welcome the brothers from the State of Qatar and thank them for their initiative in implementing the first cooperation with Iraq
Al-Sudani: The project will be tourism, service and developmental
Al-Sudani: The promising cooperation between Iraq and Qatar has made a serious start
Al-Sudani: Baghdad today is the heart of commercial, cultural, political and economic activity
Al-Sudani: The tourism project will be a distinctive sign and an architectural masterpiece in the capital, Baghdad
Al-Sudani: Qatar has pioneering investment companies and experiences
Al-Sudani: Arab investment in Iraq is one of the gateways to partnership and integration
Al-Sudani: Iraq has promising investment opportunities, and the government provides the necessary support and facilities
Al-Sudani: Iraq has a solid base of resources, opportunities and capabilities LINK