Late Monday Night "Bits and Pieces" in Dinarland 11-1-2021
TNT:
Cutebwoy: Iraq pays Kuwait $490 million and is close to closing the compensation file
Baghdad / Obelisk: The Iraqi embassy in the State of Kuwait announced, on Monday, November 1, 2021, that Iraq had recently paid $490 million in compensation amounts approved by the United Nations Compensation Committee due to the ousted regime’s invasion of the neighboring country in the early nineties of the last century.
The embassy said in a statement received by Al-Masala that Iraq paid the said amount last Tuesday and will work to pay the remaining amount of compensation, estimated at about (629) million dollars, at the beginning of next year 2022, to close the compensation file permanently, in addition to working to close the remaining outstanding files between the Republic of Iraq and the State of Kuwait.
The statement indicated that this comes within the framework of the Republic of Iraq’s endeavor to fulfill its international obligations, through the implementation of resolutions issued by the United Nations, and Iraq’s full commitment to pay the compensation amounts approved by the United Nations Compensation Committee (UNCC).
Iraq pays Kuwait $490 million and is close to closing the compensation file
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Courtesy of Dinar Guru
Militiaman Article: "Enrollment and digital transformation". The Central Bank has ANNOUNCED that they integrated the new digital system. The system is to make way for a cash less society. Not a no cash society. Therefore, the implications suggest they'll be changing the exchange rate to reflect an internationally accepted rate that will be or is now digitized. [Post 1 of 2]
Militiaman That will imo require Article 8 compliance and New Small Category Notes to facilitate trade down to the street vendors. There will be new digital equipment necessary to facilitate the new systems, new equipment in place now. They ANNOUNCED they launched the new system... They also are now and have been talking about the change of the exchange rate...The GOI is to approve of an exchange rate change and they clearly seem to be. The job of lifting the exchange of the Dinar to the Dollar is the CBIs job... I like what we see here and the timing couldn't be better... imo [Post 2 of 2]
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KTFA:
Samson: IBBC's Autumn conference is back with a bang and open for business engagement
28th October, 2021
On 22nd November this year the overarching conference topic is looking to the future with 'sustainability'- whether in terms of energy and renewables, the Iraqi economy and its diversification, or sustaining finance, logistics and training.
Underpinning much of this is the application of technology and modernising ways to run a successful economy, with the tech forum's online sessions.
With a successful election now completed and a new government being formed, it's a good time to discuss the prospects for reform and sustainability.
IBBC members find that the Autumn conference is probably the best forum to meet the leaders in the region and those engaged with provision of supply chains and decision making.
Many of Iraq's industry sectors have regional headquarters in Dubai, which enables the high turnout and interest in the networking opportunities.
The current speaker line-up is probably the best for some years, featuring the Iraqi Minster of Oil H.E. Ihsan Abdul Jabbar Ismaael giving a keynote speech, H.E. Dr Thani bin Ahmed Al Zeyoudi UAE Minister of State for Foreign Trade. Dr Salem Chalabi, President and Chairman of the Trade Bank of Iraq, Iraqi Ambassador to the UAE H.E. Mudaffar Mustafa Al Jubouri and UK ambassador Mr Mark Bryson-Richardson, Mr Simon Penny, UK's Consul General and Trade Commissioner for the region, and top academic Professor Frank Gunter on the economic outlook for Iraq.
For those engaged with energy, Mr Zaid Elyaseri from BP will be speaking, and Dunia Chalabi will be representing new Iraqi entrants Total, who have signed contracts to invest USD 27 billion in and plan to bring in hundreds of expatriates into Iraq to develop the Ar-Ratawi oil field and build gas capture, solar power and injection water facilities. Leading figures from Oilserve, Ms Sara Akbar, and Hydro-C, Mr Hassan Heshmat, will discuss sustainable energy, and a separate session will be voted to Basrah Gas Company.
The Finance panel includes a stella line up with Emirates Credit Insurance Co, Standard Chartered Bank and IFC. Mr Aziz Khudairi heads the Industry panel and a significant group including Martrade and IBBC Autumn Conference Principal Sponsor Sardar Group.
Finally, and in parallel, an online Tech forum session on Data and its benefits to Government, Economies, business, and citizens, will include speakers from UK's GDS, British Water, Agri-epicentre, Serco and Mastercard with more to be confirmed.
Overall, the panels will be exploring in more detail how to ensure the current high oil and gas prices can bring investment and rebalance the economy and promote and develop agriculture and enhance the food chain to increase employment and reduce food poverty. These discussions will also address how to improve the water supply and waste reduction and consider the role of clean power generation in relation to climate change and initiatives to improve sustainability.
We look forward to welcoming you to Dubai, or even following us online if you are unable to make it in person.
A pre-conference reception will be held at the Iraqi Pavilion at Dubai EXPO2020 in the evening of 21st November.
Finally, we'd very much like to thank our sponsors: Principal Sponsor Sardar Group, Gold Sponsor: Hydro-C, Silver Sponsor: Serco and Reception Sponsor: Basra Gateway Terminal LINK
Iraqi Dinar update for 11/01/21
Pimpy’s Investment Chat :
IS THERE A TRAP DOOR UNDER THE STOCK MARKET? Important Updates.
Greg Mannarino : Nov 1, 2021