More News, Rumors and Opinions Thursday PM 6-13-2024
TNT:
Tishwash: Iran offers Iraq its contribution to the path of development
Iran offered the Iraqi government to participate in the strategic development path.
This came during a meeting between Prime Minister Muhammad Shia al-Sudani, today, Thursday, with Acting Iranian Foreign Minister Ali Bagheri and his accompanying delegation.
At the beginning of the meeting, Al-Sudani renewed his condolences for the incident that claimed the lives of the Iranian President, the Foreign Minister and their comrades, stressing that Iraq will continue its approach towards strengthening relations with the Islamic Republic and consolidating the foundations of constructive cooperation, in a way that achieves the interests of the two neighboring countries and the prosperity of their peoples, according to a statement from Al-Sudani’s office.
He added: "The meeting witnessed discussion of the regional and international situation, the developments of the aggression in Gaza and its tragic consequences on the humanitarian level, the brutal crimes committed by the occupation forces on a daily basis against the Palestinian people, and the necessity of serious efforts by the international community to stop the aggression and avoid the expansion of the conflict in the region."
It was also emphasized that the joint committees would continue to hold their meetings, and the actual implementation of the memorandums of understanding signed by the two countries in the sectors. Energy, security, education, transportation, and other vital economic fields.
For his part, Bagheri expressed his thanks to Iraq for its solidarity with the Islamic Republic of Iran regarding the president’s plane accident. He also praised Iraq’s pivotal role in the region and its constant endeavor to enhance stability by bringing viewpoints closer between countries. He also affirmed Iran’s support for Iraq’s efforts in implementing the Strategic Development Road Project. And her willingness to contribute to it.
Turkey, Iraq, Qatar, and the United Arab Emirates recently launched a new trade route linking the Gulf to Europe as part of an effort to strengthen economic relations. This road is called the Development Road, and it is the newest economic corridor in the region after the Chinese Belt and Road Initiative and the economic corridor between India, the Middle East and Europe.
The project, which was completed during Turkish President Recep Tayyip Erdogan's visit to Baghdad on April 22, is expected to cost $20 billion, with most of the financial support coming from Doha and Abu Dhabi. link
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Tishwash: Mohammed Shukri: The Kurdistan Region can provide a suitable environment to attract investors
The Chairman of the Investment Authority in the Kurdistan Region, Dr. Muhammad Shukri, confirmed on Thursday, June 13, 2024, that the Kurdistan Region can provide a suitable environment to attract foreign investors.
Shoukry told Kurdistan 24: "The Board of Investment signed a cooperation agreement with the International Finance Corporation of the World Bank to benefit from expertise and technical support, strengthen the legal framework, facilitate investment procedures and effectively encourage the local and foreign sectors."
He added: "Through collective efforts with representatives of the institutions and ministries present, we can turn these visions into reality, because working together is the basis for an attractive environment for investment, promotes economic growth, and brings prosperity to the people of Kurdistan."
The President of the Kurdistan Regional Government, Masrour Barzani, confirmed at the end of last month that the Kurdistan Region is a stable and safe place for investment.
Masrour Barzani said, in a post on the X platform, after the opening of the Qatari consulate, Sunday, May 26, 2024, that "the opening of the Consulate General of the State of Qatar in Erbil is a starting point for the further development of our relations.
He added: "The Kurdistan Region is a stable and safe place for investment."
"We call on Qatari investors and tell them that the regional government is ready to provide all facilities," he said.
"Last year, the first shipment of Kurdistan's agricultural exports arrived in the Qatari market."
"We are also having talks on industry, banking and renewable energy." link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Nader From The Mid East Last week...I said Iraq government start a new white paper, it's all about the currency. From here to the 8th of July we should have an answer. What they going to do - Are they going to change the exchange rate or not? That's what I said exactly. They're working on it. I know they created a white paper on that. The CBI... government of Iraq, the reserve and the IMF are all working on the same page on those white papers. I don't know if it's going to change or not...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani came out and again he says to us the dinar is stronger than the dollar. FRANK: Your contracts are being rewritten because your dinar is strong now. FIREFLY: Then he said that Iraqi people will see a significant increase in the exchange rate this year. He's saying all this in a recorded speech. He's talking about the economy and how we're growing and what is expected. FRANK: Like I told you, the monetary reform education would get louder and louder into this month. It looks like they're using a megaphone to scream it to you. These are exciting time for your monetary reform, for your country, for the value of your currency.
When Fed Pivots, Markets to See 'Dramatic' Drop, Here's Why & What's Next For Gold, Bitcoin: Soloway
Kitco News: 6-13-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, who says that the U.S. stock market could see a "dramatic" drop once the Federal Reserve starts cutting rates.
Soloway reacts to Fed Chair Jerome Powell's latest comments. He warns of concerning signs in the U.S. banking sector, which is seeing big institutional players "unloading" the stocks of big banks.
He shares the Black Swan event investors need to pay attention to.
Soloway also gives his outlook on the Fed and the U.S. economy, sharing his price forecast for the U.S. stock market, gold, Bitcoin, and silver. He also breaks down the recent moves in Apple and Nvidia.
00:00 Coming up
00:45 Introduction: Fed Decision
02:26 Market Insights
06:24 Inflation & Consumer Spending
08:07 Market Reactions
09:06 Recession
16:51 Balance Sheet Insights
24:45 Banking Sector
28:52 Apple & AI
33:05 Nvidia
37:29 Bitcoin
43:08 Gold & Silver