FRANK26….6-2-25……LET’S TALK

KTFA

Monday Night Conference Call

FRANK26….6-2-25……LET’S TALK

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=taFW8Lhj6AI

Vietnam News Posted by Henig at KTFA 5-29-2025

KTFA:

Henig:  New Zealand, Việt Nam expand timber trade partnership

Wednesday, May 28, 2025 14:15 HÀ NỘI —

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the forestry sector between the two nations.

Under the agreement, New Zealand’s radiata pine will be recognised under Việt Nam’s evolving timber construction standards, paving the way for increased market access in the rapidly developing Vietnamese market.

Minister McClay highlighted that the pact is expected to drive growth in the NZ$2.68 billion (US$1.59 billion) bilateral trade and expand the NZ$ 48 million worth of sawn timber New Zealand currently ships to Việt Nam.

He emphasised Việt Nam’s strong economic trajectory, noting that its economy has doubled over the past decade and is poised to lead global income growth.

This trend is expected to spur construction activity and demand for sustainable building materials, creating further opportunities for New Zealand’s wood sector.

The agreement is set to add value to New Zealand’s timber products and offer opportunities in addition to exporting logs. It boosts the country's export potential and helps double its exports by value in 10 years. — VNS

https://bizhub.vn/new-zealand-viet-nam-expand-timber-trade-partnership-post376566.html

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Henig:  PM Chính proposes financial centre connectivity among ASEAN, Gulf nations and China

May 27, 2025 - 18:17 PM

Phạm Minh Chính welcomed the fact that the world’s three leading economic engines — ASEAN, the GCC and China — are engaging in dialogue, strengthening coordination and opening up a historic opportunity to build a new inter-regional strategic cooperation space for a prosperous, inclusive and sustainable future for all countries.

 HÀ NỘI — Prime Minister Phạm Minh Chính proposed enhancing financial centre connectivity among ASEAN countries, the Gulf Cooperation Council (GCC) and China at the ASEAN-GCC-China Summit in Kuala Lumpur on Tuesday.

He suggested establishing a robust financial connectivity network linking major regional centres such as HCM City, Kuala Lumpur, Singapore, Bangkok, Shanghai, Dubai and Riyadh, creating a seamless inter-regional financial ecosystem that could serve as a launchpad for breakthrough cooperation between ASEAN, the GCC and China.

 At the summit, themed 'Synergising Economic Opportunities Towards Shared Prosperity', PM Chính welcomed the fact that the world’s three leading economic engines — ASEAN, the GCC and China — are engaging in dialogue, strengthening coordination and opening up a historic opportunity to build a new inter-regional strategic cooperation space for a prosperous, inclusive and sustainable future for all countries.

He highlighted the need to focus on cooperation in trade, investment and supply chain connectivity and to avoid politicising science and technology, investment and development.

He proposed effectively leveraging existing frameworks such as the ASEAN-China Free Trade Agreement, promoting the signing of the ASEAN-GCC Free Trade Agreement and studying the possibility of developing inter-regional connectivity into a comprehensive trilateral economic cooperation mechanism, including the potential formation of an ASEAN-GCC-China Free Trade Agreement.

The Vietnamese leader called for high priority to be given to strategic and breakthrough sectors. With ASEAN finalising its Digital Economy Framework Agreement, he stressed that this was a “golden moment” to build a connected, secure and sustainable digital space.

Reaffirming that capital flow is the lifeblood of strong, continuous and sustainable economic development, the PM expressed his belief that these directions would lay the foundation for strong development in other fields such as tourism, cultural exchange and connections among the civilisations of the three regions, setting a solid groundwork for deep, comprehensive and long-term cooperation among ASEAN, the GCC and China.

He affirmed that Việt Nam was committed to continuing its role as a reliable bridge and a responsible partner, and was ready to accompany and contribute to peace, stability and shared prosperity for all the peoples and nations of ASEAN, the GCC and China.

Leaders of the participating countries expressed confidence that ASEAN, the GCC and China could leverage the strengths of the three economies with a combined GDP of US$24.87 trillion and a population of approximately 2.15 billion.

 The countries reaffirmed their commitment to promoting trade, investment, finance, supply chain connectivity and market access for ASEAN, GCC and China. They also emphasised advancing cooperation in emerging fields such as digital technology, artificial intelligence and renewable energy as well as enhancing cultural exchanges, educational collaboration and tourism development.

The nations also pledged to kick off new initiatives to foster mutual understanding and people-to-people connectivity across regions. During the conference, time was also allocated to discuss international and regional issues.

Participants shared concerns about the complex developments in the Gaza Strip, reaffirmed support for the peace process and the establishment of an independent Palestinian state under the two-state solution in accordance with international law and relevant United Nations Security Council resolutions.

 https://vietnamnews.vn/politics-laws/1718457/pm-chinh-proposes-financial-centre-connectivity-among-asean-gulf-nations-and-china.html

FRANK26….5-27-25……VND STUDY

KTFA

Tuesday Night Conference call

FRANK26….5-27-25……VND STUDY

This video is in Frank’s and his team’s opinion only

FRANK, ALONG WITH HENIG (OUR STAFF MEMBER), WILL BE GIVING A REPORT ON VIETNAM AND THE DONG TONIGHT

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=uy7rGKQ5h2w

Iraq News Posted by Clare at KTFA 5-21-2025

KTFA:

Clare:  Well-known companies show strong interest in Iraq

5/20/2025 - BAGHDAD

The National Investment Commission confirmed on Tuesday that "there is strong interest from well-known companies in Iraq."

"Iraq witnessed a significant influx of foreign investments over the past two years, exceeding $64 billion," said the head of the National Investment Commission, Haider Makiya, to the Iraqi News Agency - INA. 

This figure reflects the success of the investment planning that was completed in 2023. "We began to reap its fruits in 2024 and 2025," he noted.

He highlighted that "most of these investments belong to well-known companies operating directly within Iraq."

"The Prime Minister indicated in the Parliament the size of these investments, which exceed $60 to $63 billion," he pointed out.  LINK

Clare:  By the end of the year, Iraq will launch its first 250-megawatt solar power plant

5/21/2025

Minister Hayan Abdul-Ghani stated on Wednesday that the first solar-powered electricity generation plant in Iraq will be inaugurated by the end of 2025, stressing the ministry's commitment to implementing projects to stop the burning of associated gas and the resulting thermal emissions.

This came in a speech he delivered during the first international conference on carbon economics in Iraq, which was attended by a Shafaq News Agency correspondent in the capital, Baghdad.

In his speech, the minister said, "Iraq has realized the magnitude of the global climate challenge and the rapid economic and technological changes that are imposing themselves on the energy landscape."

He added, "Carbon emission reduction can be transformed into a real opportunity to attract financing and investment, and develop technology through carbon market mechanisms and carbon bonds." He added, "We have already taken steps in this direction, including paving the way for associated gas movement projects, achieving routine flaring by 2029, and preparing projects for carbon emission opportunities, through openness to international markets and bilateral cooperation with international partners."

Abdul Ghani also indicated that "the first solar-powered electricity generation station, with a capacity of 250 megawatts, will be inaugurated by the end of this year."

He continued, "We view carbon as an economic opportunity that can be transformed from an environmental tax into a financial economy through carbon investment, which will contribute to financing strategic projects without burdening the state's general budget."

The Oil Minister considered that "this conference represents an important link in the chain of national efforts aimed at building a low-carbon economy, enhancing Iraq's readiness to lead the way in climate leadership mechanisms in line with our commitments to the Paris Climate Agreement, and setting our ambitions to diversify sources of income."

He explained, "Under this agreement, Iraq was committed to reducing emissions by 2% by 2023, but we, the Ministry of Oil, were able to achieve more than this percentage with the first project implemented in Basra Governorate through the implementation of the first phase."

Abdul Ghani continued, "There are projects signed by the Ministry of Oil with several companies aimed at stopping gas flaring. Through these projects being implemented, greenhouse gas emissions will be reduced by more than 23%. This is almost ten times what Iraq committed to at the Paris Conference." LINK

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Clare:  Al-Eidani urges British companies to invest in three areas in Basra

5/21/2025

Basra Governor Asaad Al-Eidani called on British companies on Wednesday to register their businesses in the province, particularly in the water, energy, and infrastructure projects .

Following a meeting with the British Ambassador to Iraq, Irfan Siddiq, Al-Eidani told Shafaq News Agency that "the meeting addressed strengthening the historical relations between the United Kingdom and Iraq, especially Basra Governorate," explaining that "a number of service issues that affect the lives of Basra citizens were discussed, including water, public services, and infrastructure ."

He added, "Basra's environment is now ripe for investment, and we invite British companies to register their businesses in the province and take advantage of the available opportunities, especially given their extensive experience and the trust they have in Basra ."

In turn, the British ambassador told the agency, "This is his first visit to Basra Governorate since assuming his post," expressing his "happiness to visit the city and see its conditions ."

He stressed that "Basra represents the country's economic engine, with many joint projects and initiatives between Britain and Iraq there ."

He added, "We look forward to supporting and following up on these projects, particularly in the water sector, as well as the energy and infrastructure sectors, which are among the priorities and needs of the people of Basra and Iraq in general ."

The ambassador explained that his last visit to Basra was in 2010, and today he noted significant progress in the security situation and stability witnessed in recent years, which encourages British companies to invest in the province and Iraq in general .

In a related development, Al-Eidani discussed with the UAE Ambassador to Iraq, Salem Issa Al-Zaabi, ways to enhance economic and trade cooperation between the province and the UAE, stressing the presence of promising opportunities that can be built upon in the coming period.

Al-Eidani told Shafaq News Agency, "Basra has deep-rooted historical and cultural ties with the Gulf Arab states, most notably the UAE," noting that "there are many commonalities and opportunities that can be leveraged to enhance joint cooperation in a way that serves the interests of both countries and peoples."

For his part, Ambassador Al Zaabi told the agency that he was "very happy with this visit and to see the landmarks and investment opportunities that the governorate offers." He added, "We see great potential for economic, investment, and trade cooperation, and we hope that this visit will mark the beginning of a new phase in relations between the UAE and Iraq, particularly with Basra."  LINK

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Clare:  Minister of Finance: We are working to modernize regulations and enhance transparency and financial discipline.

5/21/2025 - Baghdad

Finance Minister Taif Sami confirmed on Tuesday that the ministry is working to modernize administrative and financial systems and enhance transparency and financial discipline, in line with the priorities of the government program and to consolidate economic stability.

The ministry said in a statement, seen by Al-Eqtisad News, that "Finance Minister Taif Sami received the economic team at the US Embassy in Baghdad to discuss ways of joint cooperation within the FSVC program to enhance economic and financial capabilities in Iraq."

The statement added that "the two sides discussed mechanisms to support the general budget and aspects of technical cooperation between the ministry and the US side in the areas of budget preparation and government accounting, through the program and performance budget implementation mechanism."

The Minister of Finance stressed - according to the statement - "the importance of benefiting from international expertise in supporting ongoing reforms," ​​noting that "the ministry is working to modernize administrative and financial systems, enhance transparency and financial discipline, in line with the priorities of the government program and consolidate economic stability."

The statement continued, "The US team expressed its readiness to provide technical and advisory support, especially in developing tools for preparing program and performance budgets, improving accounting systems, and developing financial information systems."

The statement concluded that "the two parties agreed to continue coordination and organize training workshops for ministry employees in a number of technical specialties, to support the implementation of best practices in public finance management and achieving sustainable development."  LINK

Clare: Iraq Facing Economic Challenges: IMF's Vision for 2025?

5/21/2025

The International Monetary Fund (IMF) issued a concluding statement on May 15, 2025, addressing the economic situation in Iraq, highlighting the economic challenges facing the country and presenting a roadmap for urgent reforms aimed at achieving financial stability.

Current Economic Challenges: The Iraqi economy faces complex challenges ranging from slowing global growth, Trump's trade wars, accelerating global inflation, and declining oil prices, the primary source of revenue. Expansion in government spending (employment sector) is also widening the fiscal deficit and exacerbating the risk of reliance on oil as the primary source of revenue.

The challenges are not limited to public finances alone, but also include deteriorating infrastructure, a weak private sector, and a lack of investment in non-oil sectors. This is in addition to the fiscal deficit rising to 4.2% of GDP and a significant decline in the current account surplus. This decline is a critical indicator that must be carefully considered, given that the current account is an important indicator of the health of the country's overall economy.

Outlook for 2025: The Fund expects economic growth to remain weak this year, with non-oil GDP slowing to 1%. The current account is also expected to deteriorate further, impacting foreign exchange reserves, which reached $100 billion at the end of 2024, covering more than a month of imports.

The future of the Iraqi economy: The International Monetary Fund believes that the future of the Iraqi economy depends largely on the government's ability to implement structural and financial reforms. Iraq possesses significant potential for economic growth, but realizing this potential requires taking concrete steps to implement a set of reforms proposed by the Fund.

The IMF statement emphasized the importance of cooperation between the Iraqi government and the IMF to implement these proposed reforms, which would contribute to improving the country's economic conditions. In conclusion, the IMF's vision is not merely recommendations, but rather an opportunity to redirect the Iraqi economy toward sustainability through strategic planning and effective implementation of the proposed economic and financial reforms.   LINK

FRANK26….5-20-25…….13303

KTFA

Tuesday Night Conference Call

This video is in Frank’s and his team’s opinion only

FRANK26….5-20-25…….13303

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=fLMoCGuribk

Iraq news and more posted by Clare at KTFA 5-19-2025

KTFA:

Clare:  The US Treasury just shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history

The US Treasury just shocked Americans with a $258 billion surplus — its 2nd biggest monthly surplus in history.Is Trump’s plan surprisingly working?

Jing Pan    Sun, May 18, 2025

Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise.

In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion.

That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022’s $308.2 billion surplus.

Does that mean President Trump’s plan is working?

According to the U.S. Department of the Treasury, the surplus was driven by “large individual tax deposits,” with April being the due date for final payments on prior-year taxes and the first installment of quarterly estimated taxes for many individuals and businesses.   LINK

Clare:  Iraq is preparing to hold the Baghdad International Energy Forum with the participation of 12 countries in September.

5/19/2025

The capital, Baghdad, is preparing to host the "Baghdad International Energy Forum," one of the most prominent international events in the energy sector, in early September 2025.

The Ministry of Oil stated in a statement received by {Euphrates News} a copy of it, that: “This important event is being organized under the patronage of Deputy Prime Minister and Minister of Oil Hayan Abdul-Ghani Al-Sawad, in partnership with the “Tomorrow” Foundation for Risk Management and the Iraqi Institute for Dialogue, and under the sponsorship of the Iraqi Oil Marketing Company (SOMO).”

She added, "Official invitations to attend the forum were extended to energy and oil ministers from twelve countries, in addition to senior executives from major international oil companies, and a select group of experts and specialists in various energy fields."

She continued, "The forum's sessions will address vital topics related to the concepts of environmental sustainability, technological innovation, and developments in global energy markets, as well as the challenges and opportunities facing the region in this context."

She noted that "this forum embodies Iraq's future directions in developing the oil, gas, and renewable energy sectors, and reflects its commitment to its active role in consolidating regional and international dialogue on the future of global energy."   LINK

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Clare:  In Washington, the Kurdistan Region signs two strategic energy agreements

5/19/2025

The Kurdistan Regional Government announced on Monday that Prime Minister Masrour Barzani sponsored the signing ceremony of two important energy agreements in Washington, D.C.

In a statement received by Shafaq News Agency, she said, "As part of his official visit to the United States, Kurdistan Regional Government Prime Minister Masrour Barzani oversaw the signing of two important agreements in the energy sector today, Monday, at the headquarters of the US Chamber of Commerce in Washington, DC."

The statement pointed out that the two agreements were concluded between the Kurdistan Regional Government on the one hand, and the American oil companies "HKN Energy" and "Western Zagros" on the other hand, which are companies specialized in this vital field.

These two agreements, estimated to be worth tens of billions of dollars, aim to develop and grow the oil and energy sector in the Kurdistan Region, in addition to strengthening its economic infrastructure.  LINK

PM Barzani’s U.S. Visit Focuses on Energy, Constitutional Rights, and Bilateral Ties

5/19/2025  By Dler Mohammed   ERBIL  — 

Kurdistan Region Prime Minister Masrour Barzani’s current visit to the United States has been described as “exceptionally strategic” as it comes at a critical juncture in both domestic and regional politics. The visit marks the first of its kind by a Kurdish leader under the Trump administration, underscoring Washington’s intent to strengthen its partnership with the Kurdistan Region of Iraq.

Noreldin Waisy, Press Secretary and Media Adviser to Prime Minister Barzani, emphasized the significance of the visit, which comes in response to an official invitation from the U.S. government. He said the visit is a milestone for Kurdish-American relations and serves as an opportunity to advance shared strategic interests.

Waisi emphasized that the KRG is not seeking conflict but rather a constitutional resolution to its disputes with Baghdad. His remarks came during an interview with the London-based Arabic-language daily newspaper Al Arab, where he elaborated on the region’s priorities ahead of PM Barzani’s meetings in the U.S.

“This visit is crucial not just for bilateral relations but for amplifying the Kurdistan Region’s perspective to the international community,” Waisy stated. “It comes at a time when Erbil is deeply frustrated with Baghdad’s failure to uphold constitutional agreements—especially in matters of oil revenues and federal budget entitlements.”

Barzani’s agenda in Washington includes high-level meetings with senior U.S. officials, members of Congress, policy think tanks, and American investors. He is also expected to take part in a specialized energy forum, where multiple agreements and MoUs with leading U.S. energy firms are anticipated.

Tensions with Baghdad Take Center Stage

Waisy accused the federal government of systematic financial pressure, including the deliberate withholding of Kurdistan’s share of the federal budget and delay in civil servant salaries.

He blamed Baghdad for violating multiple signed agreements, including the foundational “State Administration Agreement” that led to the formation of Iraq’s current government. “The federal government’s actions reflect a deeply entrenched centralist mindset that seeks to undermine the constitutional rights of the Kurdistan Region,” he said.

The core grievance centers on what Waisy described as “chronic violations” of revenue-sharing principles. “Despite the Kurdistan Regional Government’s transparency and legal compliance, Baghdad continues to use financial entitlements, particularly salary payments, as a political tool,” he added.

Energy Export Impasse and Federal Overreach

Touching on the energy file, Waisy said the federal government’s ongoing obstruction of oil exports from the Kurdistan Region—now lasting over two years—has inflicted losses amounting to billions of dollars on both the regional and national economies.

“Baghdad’s aim is clear: to keep Kurdistan excluded from the global energy map and force concessions that infringe on our constitutional authorities,” Waisy noted. “This is a broader effort to dominate Iraq’s wealth through centralized control.”

Public Opinion Warfare

Waisy also criticized what he called a “disinformation campaign” by certain Baghdad politicians who portray the Kurdistan Region as a burden on the rest of Iraq. “They frame the delayed and partial salary payments as a benevolent gesture rather than a constitutional right,” he said. “In reality, what is sent to the Region accounts for less than 5% of its rightful entitlements—far below the 14% share affirmed by recent demographic data.”

A Call for International Support and Federal Reassessment

Concluding his remarks, Waisy expressed hope that Barzani’s meetings in Washington would garner stronger international support for Kurdistan’s constitutional rights and further institutionalize its strategic alliance with the United States.

However, he warned of rising risks: “If Baghdad continues down this centralist path, the result could be irreversible deterioration in Erbil-Baghdad relations—jeopardizing not only the political balance but also the broader stability of Iraq.”

Waisy called on the federal government to take immediate and concrete steps to redress grievances and restore mutual trust. “The ball is in Baghdad’s court,” he said, “but the consequences of inaction will be felt across the entire Iraqi political landscape.”   LINK

FRANK26….5-16-25….BANK ON IT

KTFA

Friday Night Conference Call

FRANK26….5-16-25….BANK ON IT

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=jOcW1bw_Bro

FRANK26….5-13-25…..THEY STILL CALLING

KTFA

Tuesday Night Conference Call

FRANK26….5-13-25…..THEY STILL CALLING

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=WIsNoQ2TLr8

“Iraq and Iran” News posted by Clare at KTFA 5-12-2025

KTFA:

Clare:  Iraq on Trump's agenda during his Middle East tour

5/12/2025

 US President Donald Trump is embarking on a tour of the Middle East, including Saudi Arabia, the UAE, and Qatar. This visit is described as crucial given the profound changes taking place in the region .

The Saudi capital, Riyadh, is hosting the summit that will bring together Trump and the leaders of the Gulf Cooperation Council countries .

According to the White House, the visit's agenda will focus on enhancing investment and security cooperation, in addition to discussing hot regional issues. Specific agreements are expected to be signed, establishing a new phase of strategic partnership between the United States and the Gulf states .

The changes include events in Gaza, Lebanon, and regime change in Syria, in addition to relations between Iran and the United States, and Israeli attacks .

Regarding the situation in Iraq, despite the entry of pro-Iranian factions into the conflict, US pressure has forced these factions to surrender their weapons to the state, with Tehran's blessing, according to media reports .

Trump's upcoming visit is an opportunity to redefine America's role in the region and define Washington's interests in light of a new reality characterized by shifting alliances and balances of power .

Amidst the Gaza conflict and the changing maps of Syria, Lebanon, and Iraq, Trump is visiting the region carrying a new vision for American engagement in the Middle East .   LINK

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Clare:  Japanese Mazda launches in Iraq with a new look

5/11/2025

Al-Aroush Cars Company announced the signing of an official distribution agreement with the Japanese company Mazda, making it the exclusive distributor of Mazda vehicles in Iraq. The signing took place in Hiroshima City in the presence of Al-Aroush CEO, Sabah Abdul Latif Al-Salem, and Mazda's Global Sales Manager, Manabu Osoga.

Under the agreement, Al-Aroush will provide Mazda vehicles manufactured in Japan, known for their performance and design, while adapting them to the needs of the Middle East market.

The plan begins with the launch of two centers for sales, after-sales services, and spare parts in Baghdad and Sulaymaniyah, with additional centers to be opened later in Erbil and Basra. The company also aims to support existing Mazda owners in Iraq through a network of genuine service, maintenance, and spare parts.    LINK

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Clare:  "Quantum leap"... Iraqi ports receive 207 oil tankers during the first quarter of 2025.

5/12/2025

The General Company for Iraqi Ports announced on Monday that Khor Al-Zubair oil port received 207 oil tankers during the first quarter of 2025.

The company's general manager, Farhan Al-Fartousi, told Shafaq News Agency, "Khor Al-Zubair Oil Port has been able to provide marine services, including docking, launching, loading, unloading, and fuel loading for incoming ships."

He added that "the oil tankers received all logistical services within the port under the supervision of maritime control, with high efficiency," noting that "this performance reflects the development of the port's infrastructure and the efforts of its workforce."

Last February, the Director General of Iraqi Ports, Farhan Al-Fartousi, revealed an "unprecedented" achievement in Iraq's history: the International Maritime Organization's   LINK

Clare:  Al-Sudani appreciates the International Monetary Fund's efforts in supporting Iraq and its financial and monetary institutions.

5/12/2025- Baghdad

Prime Minister Mohammed Shia al-Sudani on Monday commended the International Monetary Fund's efforts in supporting Iraq and its financial and monetary institutions, reviving their vital role domestically and internationally.

The Prime Minister's Media Office said in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani received the head of the International Monetary Fund's mission to Iraq, Jean-Guillaume Poulin, and the Fund's Resident Representative in Iraq, Mohammed Jaber."

The statement added, "Al-Sudani appreciated the efforts of the International Monetary Fund in supporting Iraq and its financial and monetary institutions, thus restoring their vital role at the local and international levels, especially since the Fund is a key partner in Iraq's efforts to reform the economy and enhance its stability." He stressed that "the achievements made by the government in the financial, banking and economic fields represent positive steps towards achieving stability and sustainable development in the country."

According to the statement, Al-Sudani pointed to "the importance of continued support from international partners for the government in intensifying efforts to mitigate the impact of the challenges facing the region, thus facilitating the implementation of steps aimed at diversifying and sustaining the economy, through the investment environment it has provided that has attracted major development projects."

For his part, Polan commended the significant progress made by the Iraqi government in economic reform, including the development of the tax and customs system. He expressed the IMF's readiness to increase coordination and joint action, and to provide the necessary advice in areas of enhancing non-oil revenues.    LINK

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Clare:  Rafidain launches the second phase of "Riyada" with national funding and a new economic vision.

5/12/2025

Rafidain Bank announced, today, Monday, the launch of the second phase of financing the “Riyada” initiative projects, after the success of the first phase, which witnessed the financing of more than (8,000) productive projects at the individual level, with a total amount exceeding (107) billion Iraqi dinars, which constituted a real boost to the path of self-employment and stimulating the local economy.

Rafidain Bank's General Manager, Ali Karim Al-Fatlawi, confirmed in a statement received by {Euphrates News} that "the bank no longer views financing as merely a traditional banking service, but rather treats it as a strategic development tool with a national focus, aiming to support youth, stimulate local markets, and establish new foundations for a productive economy free from rent-seeking and random employment." 

He added, "The bank has allocated sufficient funds to finance new projects submitted through Riyada, after completing the technical, legal, and economic feasibility assessment requirements. He emphasized that Rafidain Bank is gradually transforming into the largest national platform supporting entrepreneurship and local production."

For his part, Hussein Flamarz, Advisor to the Prime Minister, pointed out that “the projects ready for financing exceed (10,000) projects, appreciating Rafidain Bank’s exceptional response to the initiative, and its close cooperation with the global smart card company (Ki Card) in facilitating procedures and reaching beneficiaries.” 

In this context, the Director General of Rafidain Bank renews his call to all national institutions, foremost among them the Central Bank of Iraq, to ​​actively engage in this national initiative by:

 • Allocating easy financing windows for emerging projects,

 • Launching a national fund to guarantee entrepreneurs’ loans,

 • Integrating the “Riyada” initiative into the upcoming financial inclusion strategy.   LINK

Clare:  Central Bank of Iran: Removing four zeros from the national currency is at the heart of the action plan for this year.

5/12/2025

The Governor of the Central Bank of Iran, Mohammad Reza Farzin, announced that removing four zeros from the national currency is one of the bank's priorities this year.

Mehr News Agency reported that during a specialized session on "Strengthening Monetary and Banking Governance and Investment in Production," Farzin noted that the Central Bank is seriously pursuing the country's monetary system reform program this year, explaining that removing four zeros from the national currency is one of the key measures included in the action plan.

Farzin added that the policy of controlling the growth of banks' balance sheets will continue, with the aim of curbing inflation and increasing liquidity. He emphasized that removing the four zeros from the national currency is part of the monetary system reform program, which is being seriously pursued.

The Central Bank Governor also noted that developing and issuing various types of monetary policy instruments, including deposit paper and inflation-protected securities, is among the bank's major objectives. He also emphasized that a special production account will be established to support the economy's productive sectors in a targeted manner.   LINK

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Clare:  Iran announces imminent visit of Russian president to Tehran

5/12/2025   Baghdad /  

The Iranian government announced, on Monday, that it is preparing to receive Russian President Vladimir Putin during an upcoming visit to Tehran, within the context of deepening strategic cooperation between the two countries.

Government spokeswoman Fatima Mohajerani said in a press conference, "Iran is awaiting President Putin's visit soon, and is currently working to complete the arrangements related to receiving the high-level Russian delegation."

This visit comes in light of rapid regional and international transformations, and growing coordination between Tehran and Moscow on political, security and economic issues.

Iranian President Masoud Pezeshkian visited Moscow in mid-January, where he met his Russian counterpart and oversaw the signing of the "Comprehensive Strategic Partnership Agreement" between the two countries, which Putin officially ratified on April 21.  LINK

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Vietnam and Iraq Economic News from KTFA 5-9-2025

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Henig:  KRX system officially goes live

May 05, 2025 - 16:04

The system, developed with technology support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.

HÀ NỘI — After more than a decade in preparation, the Hồ Chí Minh Stock Exchange (HOSE) officially launched the long-anticipated KRX trading system on Monday morning.  The system, developed with technological support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.

 The trading session opened with some notable excitement. The VN-Index rose more than eight points shortly after the market opened after a long holiday, reflecting investor optimism.  However, the session began somewhat sluggishly. According to reports from several investors, the opening auction (ATO) experienced some delays and the system was not initially smooth.

These early hiccups were resolved and trading proceeded more stably as the session progressed. The KRX system is an information technology platform designed to modernise and standardise Việt Nam’s stock market operations. 

With a total investment of approximately VNĐ900 billion (US$34.7 million), the system offers numerous new features, including updates to trading orders, enhanced functionalities for retail investors and a foundation for future reforms. 

Though originally scheduled for completion in 2021, the project encountered repeated delays and only recently completed extensive testing throughout 2024.

A key change brought by the KRX system is the modification to how ATO (At-the-Opening) and ATC (At-the-Closing) orders are handled.  Previously, these orders were prioritised over limit orders (LO) during periodic matching phases. Under the new system, ATO and ATC orders no longer receive priority over pre-entered limit orders.

 They are now displayed at a specific price level, aligning more closely with LO orders, rather than being shown as 'ATO' or 'ATC'. The system also changes the rules for modifying or canceling orders. Investors can no longer simultaneously amend both price and quantity in a single transaction. Adjusting the price or increasing the order size resets its time priority, while decreasing the volume does not. As before, order cancellations and modifications remain restricted during ATO and ATC sessions.

Another notable update is the replacement of the traditional market price order (MP) with the market-to-limit order (MTL). In cases where an MTL order is only partially matched, the unfilled portion is automatically converted to a limit order (LO) with a price adjusted by ±1 tick from the initial order - improving price control during execution. The KRX system also enhances negotiated trades and odd-lot transactions. Both the buyer and seller may now input orders directly, with the other party confirming the trade - an improvement over the previous system, where only sellers entered orders.

Once a negotiated trade is completed, it cannot be canceled or amended. Retail investors also benefit from expanded odd-lot trading capabilities. With the new system, odd-lot limit orders (LO) can be placed continuously from 9am to 2.45pm, instead of being limited to continuous matching or negotiated trade sessions as in the past.

Ahead of the launch, HoSE and its technology partners conducted a final round of testing on May 4, including system integration, market configuration checks, database validation, server and application monitoring and storage assessments.

This ensured full operational readiness among all stakeholders. Major securities firms, including SSI, ACB Securities and Bảo Việt Securities, confirmed successful system conversions and announced readiness for the first official trading session under the new platform. 

SSI reported that its upgraded online trading system is now compatible with the KRX system and offers pre-market order placement from 7.30am. ACB Securities and Bảo Việt Securities also affirmed that their system transitions had been completed on schedule. Other brokerage houses, such as MB Securities, Shinhan Vietnam Securities, Việt Dragon, VCBS, BVSC and DNSE, similarly reported the completion of necessary upgrades, including data reconciliation and system connectivity.  Firms across the industry have expressed confidence in the potential of the KRX platform to improve order handling, streamline retail trading and facilitate better integration of foreign investor transactions and securities under trading restrictions. The official rollout of the KRX system concludes a nearly 13-year journey of planning, investment and technical coordination. 

Its implementation marks a critical milestone for Việt Nam’s capital market development, laying the groundwork for future enhancements in market infrastructure, investor experience and regulatory oversight, as well as market upgrade from frontier status to emerging market. — BIZHUB/VNS  LINK

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Clare:  Iraq's customs revenues reached 59 billion dinars after implementing the ASYCUDA system.

5/9/2025- Baghdad

Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.

 Sami said in a statement to the official agency, followed by "Al-Eqtisad News," that "customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars."

 She added, "The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh."

She explained that "the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries."  LINK

Clare:  The dollar's exchange rate is stabilizing towards its target: adaptation or adjustment?

5/9/2025

 Dr. Haitham Hamid Mutlaq Al-Mansour

  It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level. Therefore, a question may be raised in this context: Is this stability the result of “adaptation” or “adaptation”?

To answer this question, we examine the reality of monetary policy measures that strengthened the foreign exchange signal's response to the downward trend, which can be described in the following paragraphs:

1. The Central Bank's restrictive policy of controlling dollar sales to banks through transparency measures for transfers of unclear origin aimed at combating smuggling. This increased the official supply and eased pressure on the exchange rate.

2. The effectiveness of monetary policy in financing foreign trade through highly rated correspondent banks, within the framework of the US Treasury and Federal Reserve's conditions. This is in addition to the trend toward settlement in euros, yuan, and UAE dirhams, which has facilitated remittance transactions in our trade with China, Turkey, and the UAE.

3. Added to this is the decline in demand for the dollar due to the increased level of banking compliance with international conditions on dollar transfers to prevent their smuggling to Iran, Syria, and Turkey via Iraq. As a result, suspicious transfers have decreased, and illicit demand for dollars has declined, contributing to the stability of the dollar exchange rate.

4- The effectiveness of the Central Bank’s foreign reserves management to compensate for the decline in the dollar supply in the parallel market, thus curbing the exchange rate towards the target.

5- The effectiveness of the inflation targeting policy led to a slowdown in the rise in the general price level (inflation) in Iraq, which limited the phenomenon of dollarization and raised the real value of the dinar.

6- Decline in speculation in the parallel market. Following the regulatory measures, the activity of unlicensed money changers and speculators who artificially raised prices declined.

7- The effectiveness of financing travelers in dollars through the official rate using payment cards at reduced costs and at the official exchange rate of 1320 dinars per dollar, in addition to collecting cash dollars through Iraqi airports, in the amount of 3000 dollars at the official rate for each traveler per month who carries an electronic payment card.

8- External international factors related to a general weakness in purchasing power in global markets and a decline in stocks, which caused a decline in the value of the dollar and a rise in gold, leading to a decline in demand for it globally and locally.

From the above-mentioned reasons, we find that exchange rate stability, despite its importance as a short-term objective of monetary policy, was achieved through “adjustment,” i.e., a short-term price adjustment trend resulting from short- or medium-term measures and treatments for exchange rate fluctuations. The aim was to restore temporary economic equilibrium without changing the basic structure of the economy and without deep-rooted long-term policies, which reduces the effectiveness of targeting the exchange rate at the long-term target level. Stability could have been achieved as a result of long-term structural “adjustment” by following long-term policies as follows:

1- Decrease in demand for the dollar due to the availability of agricultural or industrial GDP revenues as a substitute for imports.

2- Improvement in the balance of payments thanks to non-oil agricultural and industrial exports.

3- Structurally reforming the banking system and activating the role of monetary tools, especially the interest rate structure, in a way that restores the overall balance to its natural state without a split between what is real and what is monetary.

4. Reducing rentierism by diversifying the economy through allocating resources based on foreign trade to generate national surplus value. The result: more sustainable stability, as the economy becomes less dependent on external factors.

If the current balance remains in place, the dollar supply will still be vulnerable to depletion within a year of imports if oil exports cease due to wars and threats, for example, or if the economy is exposed to similar external shocks. Furthermore, reliance on reserve management and other stringent measures will not be sufficient to ensure long-term exchange rate stability.

In conclusion, while ensuring that the exchange rate stabilizes near its target level is a significant achievement for monetary policy, the absence of structural reforms, economic diversification, improving the business environment, combating corruption, and other factors will make any exchange rate stability vulnerable to reversal, particularly with oil price fluctuations, political crises, and external shocks. This underscores the importance of planning for long-term structural adjustment at the macroeconomic policy level.  LINK