News, Rumors and Opinions Friday AM 11-11-2022
KTFA:
Samson: A tribute to the wide attendance and various events.. Baghdad International Fair concludes its activities
10th November, 2022
Concluded Thursday, the activities of the forty-sixth Baghdad International Fair, with the participation of 363 companies from 13 countries, and with a wide public presence, reflecting a true picture of the success of this year's session.
The exhibition witnessed various artistic and cultural activities, such as a display of classic cars, a display of the Iraqi motorcycle team, and other events. The Director-General of the General Company for Iraqi Exhibitions and Commercial Services of the Ministry of Commerce, Hashem Muhammad Hatem, told the Iraqi News Agency (INA), "The Baghdad International Fair witnessed the flock of Iraqi families from various regions to see the most important exhibits and products of companies and countries participating in the exhibition."
Hatem added that "the exhibition is the largest cultural and social gathering, as it includes places to shop for Iraqi, Arab and international goods," stressing that "the company is in high coordination with the security authorities to create safe conditions for families wandering the corridors of the exhibition."
Cultural events
The Baghdad International Fair witnessed the establishment of a number of cultural events and seminars within the pavilions of companies and participating countries, as well as the establishment of fireworks launch events and a display of rare cars. The number of visitors to the exhibition this year exceeded 100,000 visitors during the days of the exhibition, which was widely accepted by the public, which has long been searching for what it wants, especially in the corridors of the Egyptian pavilion, which is characterized annually by launching direct sales of various Egyptian products of clothes, shoes, folk and folk costumes, as well as bags and some Handcraft products.
Outdoor bazaars
During the exhibition, a group of outdoor bazaars was held, in which a large number of women participated, selling beautiful products and accessories for young people, as well as soaps, cosmetic oils and skin care products made from natural raw materials without artificial additives. A number of ministries participated in the exhibition with their own pavilions, such as the Ministry of Industry, whose pavilion was distinguished by the participation of all its companies and distinguished products.
Strong competition
One of the cases that I (conscious) has noticed, is that there is a feverish competition between beekeepers to sell their products of honey, wax and royal food, in addition to some of their farm products such as sesame and rashi, and the manufacture of Alolouja sweets, tamarind, raisins and other field products.
While the manufacture and manufacture of Iraqi nuts had a presence in the direct selling bazaar, as well as the sale of coffee was a remarkable presence, as several local companies competed over the quality and taste of what is offered and presented to visitors to the exhibition, who expressed their satisfaction with those products, and they also received the approval of the performance of the exhibitors for those products.
Tasting competitions
Many of the pavilions participating in the exhibition witnessed the holding of competitions, especially some banks, in order to introduce their activities in the Iraqi banking market, in addition to holding festivals to taste food and sweets free of charge for the public to try. These competitions also witnessed the presentation of valuable prizes to the individuals and families participating in them. LINK
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Samson: Italy : The volume of trade exchange with Iraq reached 656 million dollars last year
11th November, 2022
The Italian Commercial Attaché confirmed today, Friday, that the volume of trade exchange between Iraq and Italy amounted to 656 million dollars last year, indicating that the volume of Iraqi exports to Italy amounted to 3.4 million dollars annually
The Italian regional commercial attache to Iraq, Elisa Salazar, said in a statement to the Iraqi News Agency (INA), that "the participation of Italian companies in this year's Baghdad exhibition comes to efforts to contract with the Iraqi government to rehabilitate infrastructure, especially industrial (transformation) facilities capable of manufacturing Iraqi raw materials for the purpose of importing them", due to the high quality of Iraqi raw materials
She added that "Iraqi exports to Italy have declined a lot in recent years, after Italy was importing wool, leather and various kinds of salts from Iraq," stressing "her country's keenness to establish the best economic and trade relations with Iraq in a way that parallels the historical relationship between the two friendly peoples LINK
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Samson: An exhibition of Spanish companies in Baghdad next year
11th November, 2022
Head of the Spanish-Iraqi Chamber of Commerce, Amanj Yagatun Rashid, confirmed that Spain participated this year with only 5 companies due to the lack of time for announcing the establishment of the 46th session of the Baghdad International Fair, announcing the establishment of a specialized Spanish exhibition early next year.
Rashid said in a statement to the Iraqi News Agency (INA) today, Friday: "The activity of the five participating companies is now distributed among companies to rehabilitate factories and other food and construction companies, as well as companies of vegetable oils, detergents and cosmetics."
He pointed out that "the previous session of the Baghdad Fair witnessed the attendance of 15 Spanish companies, but unfortunately they did not have opportunities to contract with the Iraqi government," expressing "his hope that the Spanish presence in the Baghdad International Fair in the coming sessions will be greater," noting that "early next year" it will witness the establishment of a special exhibition for Spanish companies at the Baghdad International Fair." LINK
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Courtesy of Dinar Guru
Pimpy Here we are in November already. You have the rest of November and all of December to try to pass a budget for 2023. We know that the draft is going to be put forward. Can they actually pass the draft before the end of the year? That would be important...is there going to be a rate change in there? You heard the Central Bank of Iraq saying that if you don't hear it from us then it's just a rumor.
Jeff there's no way in hell Iraq will tell you they have plans to increase the exchange rate...You have to put this entire investment under a microscope and look at it very closely to see what their actions are and what they are doing because there's no way in hell they're going to tell you that they plan to adjust that exchange rate...Due to insider trading laws they will never tell you that they plan to increase the exchange rate.
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