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.

KTFA:

Clare:  Announcing the auction of remittances to the Central Bank of Iraq

August 16, 2023

 We would like to inform you that the auction for traditional money transfers to the Central Bank of Iraq has been announced for a period (14) days with the number ( B303 ), and implementation will be on 8/23/2023, according to the details included in the announcement published on the Central Securities Deposit System ( CSD ), and banks can start By submission starting from the date of the announcement until the day of implementation.

https://cbi.iq/news/view/2401

KTFA:

Clare:  A delegation from the regional government will visit Baghdad tomorrow, and two laws are on its agenda

8/13/2023

The spokesman for the Kurdistan Regional Government, Bishwa Hawrami, announced that a delegation from the Kurdistan government will visit Baghdad this week.

 Hawrami said, in a press statement, that: "A delegation from the Kurdistan Regional Government will visit Baghdad on Tuesday (August 15) to discuss the implementation of the financial budget law."

He explained that "the delegation will discuss the oil and gas law in Baghdad, and will include representatives of the Ministry of Natural Resources and experts in oil and gas." 

KTFA:

Clare:  What are the reasons for the weakness of the Iraqi dinar compared to other currencies?.. An economist answers

8/12/2023   Information / special.

Today, Saturday, the economic expert, Abd al-Rahman al-Mashhadani, explained the reasons for the instability of the Iraqi dinar in the local markets compared to other Arab currencies, while confirming the existence of a large discrepancy between import and export in the country's markets.

Al-Mashhadani said, in an interview with Al-Maalouma Agency, that "the central banks of the Gulf countries, whether they are Jordan, Kuwait or even Saudi Arabia, have taken a decision to price their local currency, which depends on a basket of currencies, including Iraq, as bulletins previously appeared in the newspaper in the seventies." of the last century, measured on the basis of this basket.”

KTFA:

Clare:  Shaddad reveals important details about the draft oil and gas law.. This is the fate of the region's contracts

8/10/2023

A member of the Oil, Gas and Natural Resources Committee, Ali Shaddad, revealed important details about the draft oil and gas law, while Egypt disclosed the contracts of the Kurdistan region companies.

Shaddad told Al-Furat News that: "There are committees formed by the federal government and the Kurdistan region that have agreed on a draft oil and gas law of 40 articles."
He pointed to "advanced steps of the government and the concerned committees headed by the Federal Minister of Oil in holding sessions and workshops with the oil-producing provinces," returning to them "very advanced steps in accelerating the legislation of the oil and gas law."