More News, Rumors and Opinions Sunday Afternoon 1-28-2024
TNT:
CandyKisses: 16 MasterCard Cards Seized In The Possession Of A Traveler Who Tried To Smuggle Them Through Baghdad Airport
The Baghdad International Airport Crossing Directorate was able to arrest an Iraqi passenger in possession of 16 hidden MasterCard cards without declaring them.
The seizure was carried out in cooperation with the airport customs center and the customs police through a thorough inspection.
A joint committee was formed, a seizure report was organized, and the accused was referred to the Baghdad Airport Police Station to take appropriate legal measures.
CandyKises: Egypt operates a trade line with Iraq and Jordan to transport goods to Europe and America
The Egyptian Ministry of Transport has operated the first phase of the Arab integrated multimodal logistics trade line between Egypt, Jordan and Iraq, to serve the transport of goods in the Gulf countries to the ports of European and American countries.
Goods pass through the connection between the ports of Aqaba and Nuweiba on the Gulf of Aqaba, including by land - currently - through Sinai through the Nuwayba road, and from there to the ports of Al-Arish, East Port Said, Damietta and Alexandria, which is the land part of the Taba Al-Arish Logistics corridor, in order to exploit direct maritime services between Egyptian, European and American ports, through the Egyptian Ministry of Transport in cooperation with the Iraqi and Jordanian ministries of transport.
Goods are transported through trucks from Iraq and Jordan to the port of Aqaba in Jordan, then the trucks cross freely inside the ships to the port of Nuweiba, then by land through the Nuweiba road, the tunnel passing through Sinai to reach the ports of East Port Said, Damietta and Alexandria, and then shipped in ships to European and American ports.
The Taba-Al-Arish - Bir Al-Abd Railway - Al-Fardan Railway is being constructed with a length of 500 kilometers, to increase the volume of goods targeted for transport from the Gulf, Iraq, Jordan and Jordan to Europe and America within the second phase of the integrated Arab Trade Line, and trucks in the ports of Nuweiba and Taba will be replaced by railway trains, which increases goods through railway lines that connect with all Egyptian ports.
It was operational at the beginning of January 2024, as Egypt amended all the necessary customs legislation to facilitate and increase direct international transit movement through the Egyptian state through the infrastructure of ports and road and railway networks. The Egyptian Ministry of Transport also joined the "Tir" and "Vinna 1968" agreements, which facilitate the entry of foreign trucks to cross inside Egyptian territory in the shortest possible time.
The line is the fastest in arrival time, the least expensive and the easiest in procedures and opportunities, and it also contributed to the link between Jordan, Iraq and the Gulf countries, through the Nuweiba seaport to the Egyptian ports overlooking the Mediterranean Sea and from there to the European market.
For his part, the Egyptian Minister of Transport, Lieutenant General Kamel Al-Wazir, confirmed, according to the Egyptian Day Seven, that the operation of this line came based on coordination between the Egyptian Ministry of Transport and the Jordanian and Iraqi ministries of Transport through the strategic partnership with the Arab Bridge Shipping Company. Its operation also comes in light of the directives of President Abdel Fattah Al-Sisi, President of the Republic, to transform Egypt as a center for global trade and logistics, and the implementation by the Ministry of Transport, an integrated plan for the development and development of international multimodal transport hubs (land - railway - river - sea) and within the framework of the Taba- Al-Arish logistics corridor, which is currently being implemented within 7 integrated international development corridors.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO a lot of promises were made by Sudani in Davos. Today Sudani uses more new words to describe to the citizens that the time to wait for the reinstatement of their currency and new exchange rate is shorter than it's ever been before. It's shorter than a step stool with the legs of a corgi dog...these are exciting times.
Pimpy 90% of Iraq's exports are in oil... Remember Iraq wants to be competitive in the trade market. Increases in their exchange rate would cause the items they are exporting to go up in cost. Since 90% of the exports is oil, this is different...An increase in Iraq's exchange rate could lead to a stronger Iraqi dinar relative to other currencies. This would mean for each unit of oil sold, Iraq would receive more foreign currency.
MARKETS A LOOK AHEAD: Banks Are In Trouble! YOU CAN EXPECT ANOTHER MAJOR BAILOUT!
Greg Mannarino: 1-28-2024
Economic Ice Age Begins: Panic Selling In China Triggers Stock Market & Yuan Crash
Atlantis Report: 1-28-2024
From a real estate crisis and deflationary pressures to rising debt, a declining birth rate, and geopolitical tensions, a major economic landscape is undergoing a seismic shift. As they contend with these issues, the global economy braces for the ripple effects of this economic downturn, questioning not 'if' but 'when' the impact will be felt worldwide.