Iraq Economic News and Points to Ponder Sunday Afternoon 2-18-24

Iraq Economic News and Points to Ponder Sunday Afternoon 2-18-24

Tlm724 Administrator Bondlady’s Corner

Decrease In Dollar Exchange Rates On The Baghdad Stock Exchange

Economy Sunday, February 18, 2024 10:29 AMBaghdad/National News CenterToday, Sunday, the exchange rates of the US dollar witnessed a slight decline in the markets of the capital, Baghdad.

Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 152,300 dinars per 100 dollars, while yesterday, Saturday, prices were 152,450 dinars per 100 dollars.

Regarding the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.   https://nnciraq.com/250906/

Within A Day...The Iraqi Central Bank Sells More Than 213 Million Dollars

Money  and business  Economy News – Baghdad   The Central Bank of Iraq announced, on Sunday, its sales of hard currency, amounting to more than 213 million dollars in today’s transactions, according to the official rate of 1310.

Bank data showed that the total cash withdrawals amounted to $14,590,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $199,082,851, while the total sale amounted to $213,672,851.  Views 73  02/18/2024   https://economy-news.net/content.php?id=40588

To Sustain Life There...The File Of The Iraqi Marshes Is On The European Union’s Table

Reconstruction and building  Economy News – Baghdad  It is hoped that the European Union will discuss, at its next meeting, the issue of water in the Iraqi marshes, within the framework of full support for Iraq’s demands to pressure neighboring countries to maintain water quotas.

The spokesman for Dhi Qar Governorate, Abu Al-Hassan Al-Badri, said, “The Ambassador of the Kingdom of the Netherlands to Baghdad, Letitia van Asche, confirmed during her meeting with the delegation accompanying her with the Deputy Governor of Dhi Qar, Ghassan Al-Khafaji, that her country will discuss pressure on the countries upstream of the Iraqi rivers, during the next meeting of the European Union countries.” , stressing "the necessity of sustaining life and environmental diversity in the marshes of Iraq."

Al-Badri stated, “The Dutch ambassador explained that her country issued warnings to the responsible authorities in the European Union to remove any dangers threatening the marshes in the event that the country does not obtain sufficient water from neighboring countries, where the sources of the Tigris and Euphrates rivers are.”

Al-Badri pointed out that “the ambassador confirmed that her country contributes to helping the various segments of society in the governorate, through its financial support to international community organizations such as UNICEF, FAO, and others that work annually in the governorate, according to programs prepared in partnership with the local or central government.”

He added, "The meeting held yesterday also discussed ways to enhance cooperation in the field of tourism and investment, and benefit from the Netherlands' pioneering experiences in the fields of agriculture and the production of alternative energy to generate electricity."

Views 78 02/18/2024   https://economy-news.net/content.php?id=40576

An Economist Reveals The Key To European Investment In Iraq

Economy | 02/18/2024   Mawazine News – Baghdad  Economist Safwan Qusay said that the presence of Prime Minister Muhammad Shiaa Al-Sudani in the Netherlands is a key to convincing the European investor to partner with Iraq.

Safwan said in a televised interview followed by Mawazine News: “The policy of the Sudanese government is clearly moving towards making the Iraqi economy a global economy,” stressing that “we have untapped resources in all sectors and we have an opportunity to link the Asian system with the European Union after the completion of the Al-Faw port.” In Basra.

He added, "We need investments from the European side in the way of development and exploitation of the Dutch port of Roten Daan, which is the largest port in Western Europe and is a gateway for transporting production from Germany, Britain, Paris, and Belgium. About 500 million tons enter through this port annually."

He stated, "Linking the port of Al-Faw to the port of Rotten Down is based on the fact that Turkey is a strategic partner that will transport these goods, merchandise, and people, and that the Netherlands, for Iraq, will be the communication station, especially since the European Union has begun to search for importing alternative commodities to gas and oil."

He pointed out that "the presence of the Sudanese in the Netherlands is a key to convincing the European investor to partner through the giant British insurance companies," noting "the possibility of transferring part of the German and Italian production lines to Iraq, given that we have the production capacity."   https://www.mawazin.net/Details.aspx?jimare=242295

Finance Announces The Completion Of The Implementation Of The Electronic Issuance Validity System For Transactions

Economy | 02:30 - 02/18/2024  Finance announces the completion of the implementation of the electronic issuance validity system for transactions   https://www.mawazin.net/Details.aspx?jimare=242304

The Central Bank Determines The Mechanism For Granting License Applications For Electronic Payment Companies

Economy | 02:14 - 02/18/2024  Mawazine News – Baghdad  On Sunday, the Central Bank of Iraq revealed the mechanism for granting a license to electronic payment companies, confirming the continued acceptance of license applications.

The Central Bank specified, according to a statement received by Mawazine News, that “the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants,” indicating that the application includes a detailed explanation of the added value of the electronic payment sector.

In Iraq, which will be provided by the company to be licensed, especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.”

The bank stressed "the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic payment services system."

The bank confirmed that “applications that do not meet the aforementioned licensing conditions will be rejected.”   https://www.mawazin.net/Details.aspx?jimare=242301

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/ 

Points To Ponder on Anxiety about the Future

Go forth to meet the shadowy Future without fear and with a manly heart.  - Henry Wadsworth Longfellow

I may be compelled to face danger, but never fear it, and while our soldiers can stand and fight, I can stand and feed and nurse them.  - Clara Barton

The fishermen know that the sea is dangerous and the storm terrible, but they have never found these dangers sufficient reason for remaining ashore.  - Vincent van Gogh

Fear is one thing. To let fear grab you and swing you around by the tail is another.  - Katherine Paterson

I have not ceased being fearful, but I have ceased to let fear control me.  - Erica Jong

http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html  

"Tidbits From TNT" Sunday 2-18-2024

TNT:

CandyKisses:  Parliamentary Finance: 30 countries are racing to invest in Iraq

Economy News - Baghdad

A member of the Parliamentary Finance Committee, MP Mudar Al-Karawi, on Sunday, there is a desire for 30 countries to create a strategic partnership with Baghdad in 6 vital sectors.

Al-Karawi said in an interview followed by "Economy News", that "the security factor no longer worries these countries, especially after achieving high rates of stability in the past four years."

He added that "half of this number of countries, are European and Asian countries, want to invest in the fields of energy, trade, transport and building economic cities," pointing out that "the path of development will be the beginning of the road towards building a diversified economy in the country."

He pointed out that "the volume of investments in Iraq has escalated in the past two years at remarkable rates, especially local investment, which indicates the existence of confidence and reassurance pushing businessmen to compete for investment licenses in various sectors

CandyKisses:  Government parliamentary move to recover looted funds

Information / Baghdad.The Parliamentary Integrity Committee confirmed on Sunday a high-level move to uncover corruption files and recover looted funds inside and outside Iraq.

\Committee member Bassem Khashan told Al-Maalouma that "there is direct and high-level coordination with the Federal Integrity Commission and state institutions to uncover major corruption files."

He added, "The Parliamentary Integrity Committee continues its work in detecting corruption and preventing the waste and theft of public money to put an end to this dangerous phenomenon in Iraq."

Khashan pointed out that "the integrity committee in the House of Representatives has worked and continues to uncover files of corruption and waste of public money and put those involved behind bars."

The Parliamentary Integrity Committee recommended earlier the need to legislate a law for a new supervisory body to replace inspectors general working within government institutions whose task is to address the negatives and reduce corruption.

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CandyKisses:  Setting the date for launching the application for the "e-visa" in Iraq

Economy News - Baghdad

Today, Sunday, the Ministry of Interior set the date for launching the application for the electronic "visa", while indicating that it has launched it gradually.

The director of the Directorate of Civil Status, Passports and Residence in the ministry, Major General Nashat al-Khafaji, told the official agency, and was followed by "Economy News", that "the issue of launching the electronic (visa) is among the projects that the Ministry of Interior has worked on."

He pointed out that "the mechanism of work to launch the electronic (visa) began gradually through the opening of the first tourist entry visa," noting that "the usual features and multiple visits will be launched sequentially."

He added, "It is hoped that at the end of next month, the rest of the features will be launched and applied for electronically

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CandyKisses:  Accompanied by a parliamentary delegation. Oil Minister arrives in Cairo to participate in Egypt Energy Conference and Exhibition

Baghdad Today – Baghdad

Deputy Prime Minister for Energy Affairs and Minister of Oil Hayyan Abdel Ghani arrived on Sunday (February 18, 2024) in the Egyptian capital Cairo to attend the Egypt Energy Conference and Exhibition for the year 2024.

The media office of the Minister of Oil said in a statement received by "Baghdad Today", that "the Iraqi delegation alongside the minister included both the head of the Oil, Gas and Natural Resources Parliamentary Committee Haibet Al-Halbousi, as well as members of the parliamentary committee Dergham al-Maliki and Ali Ghulam," noting that "this conference is a reflection of the series of works through which the ministry seeks to communicate with oil ministers in all countries to enhance energy in Iraq."

The head of the parliamentary oil and gas committee, Haibet al-Halbousi, said according to the statement that "the committee supports the Ministry of Oil and Iraq in general in the refineries of developed countries in the fields of oil, gas, electricity and others "

He added that "the Iraqi economy depends in large proportions on the oil sector, and although we aspire to expand sources of income, we want to increase the interest in the oil sector in its entirety."

The Iraqi delegation was received by Egyptian Petroleum Ministry Undersecretary Sherif Hassaballah and a number of officials, according to the statement.

Mot: .. Ur Kidding!!!!!

Mot: ... Finally!!! -- A Race I Could Maybe Win!!!!

Goldilocks' Comments and Global Economic News Saturday Evening 2-17-24

 Goldilocks' Comments and Global Economic News Saturday Evening 2-17-24

Good Evening Dinar Recaps,

"Hong Kong has launched a public consultation on proposed legislation for regulating over-the-counter virtual asset trading, the jurisdiction’s website said on Thursday."

The public consultation will give the public time to voice their concerns about the regulatory proposals of stablecoins.

The final step will be the implementation of government licensing for digital asset providers of OTC trading services.

The consultation will last until April 12, 2024. At that time, the rollout of the sandbox of many Global Stablecoins tested in their pilot program will be available for Global Trade.  The Block

© Goldilocks

~~~~~~~~~~

There have been many debates about the use of XRP as a stablecoin as of late.

Many prominent institutions have been calling for a gold-backed stablecoin from institutions like the World Bank, International Monetary Fund (IMF), and World Gold Council.

These institutions have been encouraging the development of such a project so Central Banks could tokenize their gold reserves.

Nothing has been turned into a form of an announcement yet, but it sure does look like the IMF, the World Bank, and the World Gold Council would like to see this happen through XRP.

It would not be a surprise to this author that a Bretton Woods announcement including a gold-backed stablecoin such as Ripple would lead the way.   CoinGape

© Goldilocks

~~~~~~~~~~

Trade Finance Poised for Digital Revolution Though Obstacles Remain - Fintech Singapore

"The trade finance industry has been aspiring for greater digitalization, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs).

But despite some progress, advancements have been slow for the past few decades due to legal obstacles, the lack of standards, and the need for unifying technologies, a new paper by Deutsche Bank says.

The paper, titled “A Guide to Digital Trade Finance”, examines the progress that has been made so far, as well as what is still needed on the road ahead. The guide provides a practical toolkit for the industry, leveraging expert opinions from various stakeholders to explore the role of banks in digitalization initiatives, legal frameworks, international standards and innovative technologies."

Watch what happens when Stablecoin clarity and Protocol 20 begin to expand.  Fintech News

Watch the water.

© Goldilocks

~~~~~~~~~~

The world of cross-border payments continues to progress, building on the momentum gained in 2023, and is ready to navigate a new suite of products from Swift. According to The Bank of England, the value of cross-border payments is expected to grow from almost USD 150 trillion in 2017 to over USD 250 trillion by 2027, a spike of over USD 100 trillion in just 10 years. 

Part of the process enabling that growth of course comes from Swift. It has recently focused on what could be seen as a reorganization and repackaging of its products into a suite called Swift Essentials. Swift believes the new package improves several important policies and processes including, but not limited to, the speed and reliability of cross-border transactions but also extending into compliance, integration, and corporate treasury management.   www.bankofengland.co.uk

~~~~~~~~~~

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Iraq Economic News and Points to Ponder Saturday Afternoon 2-17-24

Iraq Economic News and Points to Ponder Saturday Afternoon 2-17-24

Tlm724 Administrator Bondlady’s Corner

Parliamentary Economics Sets Two Conditions For Controlling Economic Policy

Time: 02/17/2024 Read: 468 times   {Local: Al-Furat News} Today, Saturday, the Parliamentary Economics Committee set two conditions for controlling economic policy.

Committee member Kazem Al-Fayyad said {to Al-Furat News} that: “The economic policy in the country is weak in the industrial, commercial and economic aspects, specifically with regard to the banking aspect.”

He added, "In addition to issues of trade exchange in internal and external transactions."

Al-Fayad explained, “Neighboring countries, the Gulf, and the whole world depend on a sound economic policy, whether in terms of trade exchange. Every amount is calculated in exchange for goods entering the country.”  He stated, "These policies are through controlling export and import outlets."   LINK

The US Dollar Renews Its Rise Against The Iraqi Dinar

Economy | 02/17/2024   Mawazine News – Baghdad   The exchange rates of the US dollar against the Iraqi dinar witnessed a slight increase today, Saturday, in local markets.

The central Kifah and Harithiya stock exchanges recorded a price of 152,450 Iraqi dinars against 100 US dollars.

As for the dollar exchange rates in banking shops and local markets, the selling price reached 153,500 dinars, while the purchasing price reached 151,500 dinars per 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=242227 

Al-Sudani discusses with members of the US Congress the end of the international coalition’s mission and the transition to bilateral relations

Time: 02/17/2024 Read: 1,664 times  {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani discussed, with members of the US Congress, today, Saturday, the end of the international coalition’s mission in Iraq.  

Al-Sudani’s media office stated in a statement received by {Al-Furat News} that “Prime Minister Muhammad Shia’ al-Sudani received four members of the US Congress, namely: Mike Turner, McKeirl, Joe Wilson, and Gerry Connolly, on the sidelines of his Excellency’s participation in the 2024 Munich Security Conference.”

The statement added, "During the meeting, bilateral relations between Iraq and the United States were discussed, and ways to enhance constructive cooperation, as well as a number of files and issues of common interest were reviewed.

The meeting also touched on the ongoing dialogue regarding ending the mission of the international coalition in Iraq, after the arrival of the security forces." Iraq has reached an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq, the United States of America, and the rest of the coalition countries.”

The Prime Minister stressed, "the necessity of developing relations between the two countries at various levels and sectors, without limiting them to the security aspect only," pointing to "the state of recovery that Iraq is going through, the reforms it is witnessing in various economic and financial sectors, and the progress of concluding integrated economic partnerships with countries in the region."

"And the world, which will contribute to promoting development and achieving stability for the country."

For their part, members of the US Congress indicated their "interest in the success of the Iraqi government in several aspects," stressing "the importance of Iraq and its role in enhancing security and stability in the region."   LINK

Sudanese And The King Of Jordan Discuss Ways To Strengthen Economic Partnership And Integration In Various Sectors

Money  and business  Economy News – Baghdad  Prime Minister Muhammad Shiaa Al-Sudani stressed today, Saturday, during his meeting with the King of the Hashemite Kingdom of Jordan, Abdullah II bin Al-Hussein, the necessity of working to stop the systematic killing in Gaza, while urging major countries and international organizations to make efforts and provide humanitarian aid.

The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani met with the King of the Hashemite Kingdom of Jordan, Abdullah II bin Al-Hussein, on the sidelines of his participation in the Munich Security Conference 2024."

The meeting witnessed "discussion of bilateral relations between the two countries, and ways to strengthen economic partnership and integration in various development sectors, for the benefit of the two brotherly peoples, and to enhance sustainable development opportunities," according to the statement.

The developments in the situation in Gaza, the continuation of the aggression, and the exposure of the Palestinian people to the crime of genocide were also discussed, where Al-Sudani stressed “the necessity of working to stop the systematic killing, and urging major countries and international organizations to make efforts, provide humanitarian aid, and prevent the spread of conflict in the region.”   Views 68 02/17/2024 - https://economy-news.net/content.php?id=40554

For The Second Week In A Row...Oil Prices Are Affected By Tensions In The Middle East And Are Rising

Money  and business   Economy News - follow up  Oil prices rose at the close, after geopolitical tensions in the Middle East overshadowed the forecasts of the International Energy Agency, which warned of a slowdown in demand.

Brent crude futures rose 61 cents, or 0.74%, at settlement to $83.47 per barrel. US West Texas Intermediate crude futures also rose $1.16, or 1.49%, to $79.19 per barrel.

Prices rose for the second week in a row, as Brent rose by more than 1% by the end of the week, while US crude rose by about 3%, according to Reuters.

Prices received support due to the increasing risk of a broader conflict in the Middle East.

The Lebanese Hezbollah group said on Thursday that it had fired dozens of rockets at a town in northern Israel in an “initial response” to the killing of ten civilians in southern Lebanon, the largest number of civilians killed in one day during four months of cross-border hostilities.

Officials said that the largest hospital in Gaza is still operating under the Israeli siege during the war that Israel is waging with the Islamic Resistance Movement (Hamas), while warplanes bombed the city of Rafah, the last refuge for Palestinians in the Strip.

The threats continued in the Red Sea after a missile launched from Yemen hit an oil tanker heading to India.

Producer prices in the United States rose more than expected in January, which could exacerbate fears that inflation will rise again.

The International Energy Agency said on Thursday that the growth of global oil demand is slowing, and it reduced its forecast for growth in 2024.

Views 74 02/17/2024 - https://economy-news.net/content.php?id=40548

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/ 

Points To Ponder on Anxiety about the Future

To live your life in the fear of losing it is to lose the point of life.  - Malcolm Forbes

It is not death we fear, but the thought of it.  - Marcus Annaeus Seneca

It is not death or pain that is to be dreaded, but the fear of pain or death.  - Epictetus

Death is not the enemy, living in constant fear of it is.  - Norman Cousins

We must act in spite of fear ... not because of it.  - Anonymous

I have accepted fear as a part of life-specifically the fear of change. ... I have gone ahead despite the pounding in the heart that says: turn back....  - Erica Jong

http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html 

"Tidbits From TNT" Saturday 2-17-2024

TNT:

CandyKisses:  To end the mission of the international coalition in Iraq. Sudanese meets members of the US Congress

Mawazine News Baghdad

Prime Minister Mohammed Shiaa Al-Sudani discussed with members of the US Congress on Saturday ending the mission of the international coalition in Iraq.

"Prime Minister Mohammed Shia Al-Sudani received four members of the US Congress: Mike Turner, Mike Turner, Mike Michaelshire, Joe Wilson and Jerry Connolly, on the sidelines of his participation in the Munich Security Conference 2024," the Prime Minister's Information Office said in a statement received by Mawazine News.

The statement continued that "during the meeting, bilateral relations between Iraq and the United States, and ways to enhance constructive cooperation, as well as reviewed a number of files and issues of common interest, were discussed.

The meeting also touched on the ongoing dialogue on ending the mission of the international coalition in Iraq, after the arrival of the Iraqi security forces to an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq and the United States of America and the rest of the coalition countries."

Al-Sudani called for: "The need to develop relations between the two countries at various levels and sectors without limiting them to the security side only," noting "the state of recovery experienced by Iraq, and the reforms it is witnessing in various economic and financial sectors, and proceeding with integrated economic partnerships with the countries of the region and the world, which will contribute to enhancing development and achieving stability for the country."

Members of the US Congress noted their “interest in the success of the Iraqi government in several aspects,” stressing “the importance of Iraq and its role in promoting security and stability in the region.”

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Tishwash:  Al-Sudani to the British Foreign Minister: The government seeks to end the presence of the international coalition in Iraq

 Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Friday, that the government is seeking to end the presence of the international coalition in Iraq.

A statement from the Prime Minister’s Media Office, received by Earth News Agency, stated that “Prime Minister Muhammad Shiaa Al-Sudani received British Foreign Minister David Cameron, on the sidelines of his Excellency’s participation in the Munich Security Conference 2024.”

The statement added, “During the meeting, the Prime Minister discussed bilateral relations between Iraq and the United Kingdom, and the importance of upgrading and strengthening them in all aspects, in a way that serves the common interests of the two friendly countries,” noting that “Iraq today represents fertile ground for investments and economic work, and that the doors of investment are open.” In front of British companies.

Al-Sudani stressed that “the government seeks to organize work with the international coalition, move towards ending its presence in Iraq, and move to multiple bilateral relations with the coalition countries.”

Regarding the situation in Gaza, Al-Sudani pointed out “the necessity for the major powers to exercise their role in ending the ongoing war in the Palestinian territories, and stopping its repercussions on the security of the region and the world, and the necessity of protecting civilians and providing urgent humanitarian aid to them, after the comprehensive destruction caused by the occupation forces in the Gaza Strip.” “.

For his part, Cameron expressed “his country’s desire to expand relations with Iraq, in a way that achieves mutual benefit,” stressing that “these relations should not be limited to the security aspect, which is being organized through Britain’s participation in the international coalition. Rather, his country desires to create Multiple partnerships with Iraq, especially in the economic and development aspects.”  link

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Tishwash:  Al-Sudani confirms that Iraq is continuing to achieve the goal of raising the level of exchange and integration with countries

Today, Friday (February 16, 2024), Prime Minister Muhammad Shiaa Al-Sudani confirmed that Iraq is continuing to “raise the level of exchange and integration with the countries of the region.”

A statement from his office received by Baghdad Al-Youm stated that Al-Sudani met with Lebanese Prime Minister Najib Mikati, on the sidelines of their participation in the 2024 Munich Security Conference, and during the meeting, they “discussed bilateral relations between Iraq and Lebanon, and ways to enhance exchange in aspects of common interest.” “In the interest of the two brotherly countries.”

Al-Sudani pointed out, "The continuation of the aggression against Gaza, and the threat it causes to stability in the region, and the necessity of stopping this aggression and preventing its expansion, in addition to stopping the genocide to which the Palestinian people are being subjected, and attempts to expand the conflict through attacks on brotherly Lebanon and its borders." 

He reaffirmed "Iraq's progress in achieving the goal of raising the level of exchange and integration with brotherly and friendly countries in the region, in a way that provides the means for development and opportunities for its people, and the means to overcome economic crises."

For his part, Mikati stressed "Lebanon's keenness to establish security and stability in the region, and to continue constructive cooperation with Iraq in all fields, expressing his thanks and appreciation for the Iraqi positions in support of Lebanon, and providing fuel and support to support the Lebanese people in facing economic difficulties and challenges."  link

Mot: . LOL --- the Things Folks Come Up With!! - Sooo True this is!! 

Mot: ....... I Herd it thru da ~~~~~

https://www.youtube.com/watch?v=f0kJx76f6oM

Iraq Economic News and Points to Ponder Late Friday Evening 2-16-24

Iraq Economic News and Points to Ponder Late Friday Evening 2-16-24

Tlm724 Administrator Bondlady’s Corner

Al-Sudani: Iraq imports goods worth 70 billion dollars annually

Economy     Iraq     Holland    Import     Muhammad Shiaa Al-Sudani  2024-02-15 09:31  Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani said on Thursday that Iraq annually imports $70 billion in goods, indicating that the government’s priorities are reforming the economy and not continuing to rely on oil revenues.

This came during a speech by Al-Sudani, which he delivered at a dialogue seminar held in the Dutch city of Rotterdam, attended by a number of businessmen and representatives of 40 companies, according to a statement received by Shafaq News Agency. Al-Sudani stated,

"Iraq is going through a state of recovery today, at various levels, after passing the stage of the war against ISIS, in which the Iraqi people won, with the support and backing of the international community, and the Netherlands was among the countries supporting these efforts." He added:

"We asked the international coalition to end its mission in Iraq, which lasted 10 years, in light of the readiness and efficiency of the Iraqi security services."  

Regarding the economic file, Al-Sudani stressed, “The government has priorities, including reforming the Iraqi economy, through two tracks.

     The first is achieving reforms in the various economic, banking and financial sectors, and gas investment, and   the other is implementing projects that provide job opportunities and meet our needs for services and goods.”

Regarding the water issue, the Prime Minister pointed out the start of a program to use water optimally, in light of the conditions of scarcity that the region and the world suffer from,” adding:

“We supported farmers and farmers in acquiring modern irrigation systems, and we are trying to invest in the successful experiences in the Netherlands to confront water scarcity in Iraq.”.  

Regarding investment projects, Al-Sudani said, “The Iraq Fund for Development will engage with the private sector in implementing projects away from the government, whose role will be planning and organizing,” stressing that

“the government provides sovereign guarantees to the private sector of up to 85% for any project being implemented.” This is an unprecedented percentage.”  He continued:

"We have embarked on a radical reform of the financial and banking sector, and procedures related to compliance with international standards in financial transfers," noting that

"international and Arab banks have begun to open their branches in Iraq, and

there is will and work, at all levels of Iraqi state institutions, in order to move to reality." better".

https://shafaq.com/ar/اقتصـاد/السوداني-العراق-يستورد-سلعا-بـ70-مليار-دولار-سنويا

Minister Of Commerce: International Welcome And Desire To Increase Investments In Iraq

Economy    02-15-2024, Cairo - INA - Rasha Muhammad, Minister of Trade, Atheer Al-Ghurairi, revealed today, Thursday, a wide welcome and international desire to increase investments inside Iraq, while confirming the holding of meetings with 3 countries in this regard.

Al-Ghurairi said during his participation in the 113th session of the Economic and Social Council, which was held at the Arab League, in a speech followed by the Iraqi News Agency (INA):

“Iraq today seeks, within the government program of Prime Minister Muhammad Shia al-Sudani,

     to improve the investment environment and seeks

     to receive private sector companies with the aim of improving reality.” "The economic situation in Iraq and the

     announcement of the availability of great investment opportunities."  He added,

"There are many important projects in Iraq, including the development road and the railway line between Holy Karbala and Najaf Al-Ashraf," noting "the necessity of encouraging investments from the private sector inside Iraq."  He added,

"Iraq seeks to increase investment projects with Arab countries," noting,

"There are major initiatives by Arab countries, and there was a

     great welcome from them to increase investments in Iraq and

     implement many economic agreements and conferences, and

     there are many protocols implemented with countries."

The UAE, Qatar, and Egypt formed committees that included delegations from businessmen and the private sector inside Iraq, and  we noticed a tangible change in the      management of the economic file and the     general economic policy of the Iraqi state.” 

He pointed out,  "The meeting came out with many decisions that were approved, including      enhancing intra-trade,     liberalizing trade in goods, and     welcoming Iraq's accession to the World Trade Organization."  He stressed, "This is what Iraq aspires to, as its steps have begun to convey their messages to all countries, and the

Iraqi economy will witness a significant recovery during the coming period in order to achieve common interests and achieve mutual benefit between Iraq and the Arab countries."  He pointed out that  

"there are rapid initiatives in infrastructure investment with the Egyptian, Qatari and Emirati sides through many agreements concluded during the previous period." https://www.ina.iq/203200--.html

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/ 

Points To Ponder on Anxiety about the Future

Death does not frighten me, but dying obscurely and above all uselessly does.  - Isabelle Eberhardt

Fear of life in one form or another is the great thing to exorcise.  - William James

If we let things terrify us, life will not be worth living.  - Marcus Annaeus Seneca

A good life fears not life, nor death.  - Thomas Fuller

He who fears death cannot enjoy life.  - Spanish proverb

Healthy children will not fear life if their elders have integrity enough not to fear death.  - Erik H. Erikson

http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html 

Goldilocks' Comments and Global Economic News Friday Evening 2-16-24

Goldilocks' Comments and Global Economic News Friday Evening 2-16-24

Good Evening Dinar Recaps,

New Delhi, Feb 09: "The call for institutional reforms resounded strongly from the United Nations headquarters as Secretary-General Antonio Guterres pressed for comprehensive changes, starting with a significant overhaul of the Security Council and the Bretton Woods Institutions – the World Bank and the International Monetary Fund (IMF)."

Just recently, Jerome Powell and Janet Yellen have been calling for a serious conversation about our 34 trillion dollar national debt. They are saying that the move toward a sustainable fiscal path is of most importance.

A sustainable fiscal policy happens when the ratio of debt held by the public to GDP is stable or declining over time.

It is no secret that the old Financial System is not going to get us to where we need to be anymore. For the past 2 years and almost a half, we have been working on tokenizing assets and creating legislation leading to laws that will govern our new digital asset-based trading system on the QFS.

In just 5 more days, Protocol 20 will be voted on and implemented. The process of expanding into our new digital banking system will commence.

Everything is going to be tokenized. Everything will be backed by a commodity. Everything will be run on a Quantum Technological Financial System.

The IMF and the World Bank have been working with countries around the world to change and implement new monetary policies through economic reforms designed to put us on a Sustainable Financial path.

These consultations have allowed countries to develop new digital mechanisms with the guidance of the IMF through Economic Reforms.

The World Bank is responsible for lending money to poorer countries. Their involvement along with the IMF is calling for movement forward inside a new digital asset-based trading system.

© Goldilocks
Kashmir Dot Com
Yahoo Finance
Fiscal Treasury

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NPCI to launch real-time payment link between India and US

...the National Payments Corporation of India (NPCI) is reportedly in discussions with Indian and US banks to establish a real-time payment link between the two countries, as per a report from the Economic Times. The initiative seeks to utilize NPCI's expertise in cross-border payments. NPCI is said to be collaborating with Indian banks familar with the Unified Payments Interface (UPI) and foreign banks to develop models and conduct pilot tests. 

Additionally, NPCI is engaging with FedNow, the real-time payment service launched by the US Federal Reserve in July last year, or its UPI equivalent. The proposed payment model between India and the United States is expected to focus initially on small consumer transactions due to the absence of a nationwide system similar to UPI in the US. Transactions under this model are likely to be limited in scale and value, with only modest payments permitted initially. 

Under this model, transactions involving sending or receiving money from relatives would necessitate the involvement of a large Indian bank for Indian consumers, while in the US, individuals can use American banks for such transactions.  The Paypers

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Jerome Powell highlighted CBDC and stablecoins in a meeting with Democrats from the House Financial Services Committee.

He talked about the requirement for stablecoin legislation in the US while sharing his views. 

New York Community Bancorp. and Basel capital rules are other topics covered in the meeting. 

Jerome Powell, the chairperson of the Federal Reserve, demonstrated the need for a stablecoin bill in a meeting with Democrats from the House Financial Services Committee on 12 February. Politico, a media company, confirmed the same.     The Coin Republic

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The World Bank’s classification of XRP as a stablecoin in the context of its utility in the payment landscape has recently resurfaced in the crypto community. 
World Bank Calls XRP Stablecoin.

Notably, the classification came in a November 2021 research paper titled “Central Bank Digital Currencies for Cross-Border Payments.”

The report considered the endeavors undertaken at the time to streamline cross-border payments for efficiency and cost-effectiveness.

It recognized stablecoins as a digital currency category that provides instantaneous processing and secure payments. In particular, the report laid emphasis on their stability concerning parity with fiat currencies.

Based on this premise, the World Bank identified two virtual assets that they believe fall into the stablecoin category: Ripple’s cross-border payment currency, XRP, and the native asset of the Stellar network, XLM.

The World Bank report also emphasized that XRP and XLM enable faster and more efficient cross-border payments than traditional correspondent banking methods.  The Crypto Basic  Crypto Politan

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Blockchain Technology For Verifying Election Data

More than 60 countries around the world will hold national and regional elections this year, making 2024 the biggest election year in history. But there are growing concerns that misinformation and disinformation driven largely by artificial intelligence (AI) will impact the elections.

An example of this recently occurred when an AI-enabled call using United States President Joe Biden’s voice phoned thousands of people across the U.S.

Findings from The World Economic Forum’s Global Risks Report 2024 further show that misinformation and disinformation are likely to be a top global risk in the next two years.

The report states that “foreign and domestic actors alike will leverage misinformation and disinformation to widen societal and political divides.”

The report also noted this risk will be even greater given that there will be a large number of elections in the near future, as more than 3 billion people are due to head to the polls in 2024 and 2025.

Cryptonews.com
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Crypto adoption is becoming mainstream. We're seeing development in election blockchain integration, healthcare payment integration, and even seeing the payment classification of XRP and XLM by the World Bank. Our world is about to expand into a new digital age.

© Goldilocks

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Iraq Economic News and Points to Ponder Friday Afternoon 2-16-24

Iraq Economic News and Points to Ponder Friday Afternoon 2-16-24

Tlm724 Administrator Bondlady’s Corner

Travelers Demand That The Central Bank Launch The New Mechanism For Granting Dollars... And Reveal The Defects Of The Old One

Time: 02/16/2024 09:47:51 Read: 3,224 times  {Local: Al-Furat News} Travelers called on the Central Bank of Iraq to speed up the launch of the new mechanism for granting dollars from government and private banks and exchange companies.

The travelers confirmed through {Al-Furat News} agency, that "the old mechanism was not successful and relied on nepotism and certain people to receive the dollar, depriving large numbers of travelers of obtaining the dollar, which forced them to go to the parallel market to buy the currency."

An informed source revealed the day before yesterday, Wednesday, that the sale of the dollar at the official rate of the Central Bank of Iraq to travelers had stopped.

The source told Al-Furat News, “The sale of the dollar to travelers has been stopped in most government banks,” noting, “The Central Bank intends to launch a new mechanism to obtain the currency for travelers.”

The Iraqi traveler to countries specified by the Central Bank is given an amount of $3,000, and in the case of treatment, he and the companion are given $6,000 at the official rate {1,320 dinars to the dollar} with the exception of Iran, Syria, and Lebanon.  LINK

The Real Estate Bank Decides To Extend The Implementation Of The Electronic Collection And Collection Agreement

Economy | 11:16 - 02/16/2024   Mawazine News – Baghdad  The management of the Real Estate Bank Council decided, today, Friday, to extend the implementation of the electronic collection and collection agreement.

A statement from the Ministry of Finance, a copy of which it received, stated that “the management of the Real Estate Bank decided, in its last session, to extend the implementation of the electronic collection and collection agreement approved by it.”

The Director General of the Real Estate Bank, Abbas Shehab Al-Jawahiri, said, according to the statement: “Electronic collection will contribute to launching disbursement and disposal, without facing temporary deficits in financial revenues, due to the slowdown that occurs as a result of traditional methods.”

He explained, “The bank is currently working on preparing an electronic database, and moving from manual collection to electronic collection, to facilitate procedures for paying installments for citizens and working to combat financial and administrative corruption, which accompanies traditional collection methods.”

He continued, “This measure comes in implementation of the decisions of the Council of Ministers regarding electronic collection and collection, and the adoption of the shift from cash financial transactions to electronic transactions and collection of funds, through the application of modern electronic systems.”   https://www.mawazin.net/Details.aspx?jimare=242184

Oil Is Heading Towards Recording Gains For The Second Week In A Row

Economy | 09:26 - 02/16/2024   Mawazine News – Baghdad   Oil prices varied during early Friday trading, with investors assessing expectations of a slowdown in demand and weak data for US retail sales that once again revived hopes for a reduction in US interest rates.

Brent crude futures recorded a slight decline of 0.08 percent to $82.79 per barrel. While US West Texas Intermediate crude futures rose 6 cents to $78.09 per barrel.

The two benchmarks rose more than 1 percent in Thursday's settlement, as a larger-than-expected decline in US retail sales raised hopes that the Federal Reserve (the US central bank) would begin lowering interest rates in the coming months, which could be positive for demand for oil. End 25

https://www.mawazin.net/Details.aspx?jimare=242179

Al-Sudani Meets With The US Vice President In Munich

02/16/2024   Mawazine News – Baghdad   The White House said that US Vice President Kamla Harris will meet with Iraqi Prime Minister Muhammad Shiaa al-Sudani and Israeli President Isaac Herzog at the Munich Security Conference today, Friday, according to what Reuters reported.

Yesterday evening, Thursday, the Iraqi Prime Minister headed to Germany to participate in the Munich Security Conference 2024 after concluding his official visit to the Netherlands.

Every February, senior politicians from the world's continents gather in Munich to attend the World Security Conference.

This year, the Munich Security Conference celebrates its sixtieth anniversary, and its current session is expected to be held between February 16 and 18, in its traditional location, the Bayerischer Hof Hotel. However, this year, for the first time, the adjacent Rosewood Munich Hotel will be the venue for some of the conference sessions.

Politicians, security and military leaders, and high-level experts from all over the world will participate in it to discuss the most pressing issues related to international security.

The wars in Ukraine and Gaza, as well as issues of migration, climate change and artificial intelligence, top the conference agenda.

According to the organizers, a total of “about 50 heads of state and government and more than 100 ministers, along with the heads of many important international organizations and civil society organizations” are expected to attend the conference.

https://www.mawazin.net/Details.aspx?jimare=242183

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/ 

Points To Ponder on Anxiety about the Future

Fear not that thy life shall come to an end, but rather that it shall never have a beginning.  - John Henry Cardinal Newman

People living deeply have no fear of death.  - Anais Nin

Fear of death is worse than dying.  - J. C. F. von Schiller

The fear of life is the favorite disease of the twentieth century.  - William Lyon Phelps 

Too many people are thinking of security instead of opportunity. They are more afraid of life than death. - James F. Byrnes

http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html 

Iraqi News Highlights and Points to Ponder Friday AM 2-16-24

Iraqi News Highlights and Points to Ponder Friday AM  2-16-24

Federal Trade Indicates An International Desire To Invest In Iraq

Three countries are holding meetings in this regard

Zagros TV  Related news    Sudanese directs to give priority in investment to industrial and agricultural projects

Zagros – Erbil   On Thursday, Federal Trade Minister Atheer Al-Ghurairi revealed a wide welcome and international desire to increase investments inside Iraq, while confirming that meetings were held with 3 countries in this regard.

The Iraqi government is adopting a new approach aimed at diversifying the sources of the economy and revitalizing its movement, through radical solutions that address current challenges and open broader horizons for the flow of foreign investment into the country's economy, which suffers from extended structural imbalances.

The packages of measures related to various legal and administrative amendments are among those followed solutions aimed at transforming the country into an attractive environment for foreign investments.

During his participation in the 113th session of the Economic and Social Council, which was held at the Arab League, Al-Ghurairi said in his speech that “Iraq today seeks, within the government program of Prime Minister Muhammad Shia’ al-Sudani, to improve the investment environment and seeks to receive private sector companies with the aim of improving the economic reality in Iraq and announcing the availability of opportunities.” Great investment.

Al-Ghurairi added, “There are many important projects in Iraq, including the development road and the railway line between Holy Karbala and Najaf Al-Ashraf,” noting “the necessity of encouraging investments from the private sector inside Iraq.”

Explaining that “Iraq seeks to increase investment projects with Arab countries,” indicating that “there are major initiatives by Arab countries and there was a great welcome by them to increase investments in Iraq and implement many economic agreements and conferences, and there are many protocols implemented with the countries of the Emirates and Qatar.”

And Egypt and the formation of committees that include delegations from businessmen and the private sector inside Iraq, and we noticed a tangible change in the management of the economic file and the general economic policy of the Iraqi state.”

He also pointed out that “the meeting came out with many decisions that were approved, including promoting intra-trade, liberalizing trade in goods, and welcoming Iraq’s accession to the World Trade Organization.”

Al-Ghurairi stressed, “This is what Iraq aspires to, as its steps have begun to convey their messages to all countries, and the Iraqi economy will witness a significant recovery during the coming period in order to achieve common interests and achieve mutual benefit between Iraq and the Arab countries.”

Al-Ghurairi pointed out that “there are rapid initiatives in infrastructure investment with the Egyptian, Qatari and Emirati sides through many agreements that were concluded during the previous period.”

While Iraq's ambitions to diversify economic sources and attract foreign investments in various sectors face a number of challenges and difficulties, especially with regard to infrastructure and legislation.     https://zagrosnews.net/ar/news/50755#hathalyoum

Munich: Sudanese And British Foreign Minister Discuss Bilateral Relations And The Importance Of Improving Them

Politics | Baghdad today – Baghdad  Today, Friday (February 16, 2024), Prime Minister Muhammad Shiaa Al-Sudani discussed with British Foreign Minister David Cameron bilateral relations and the importance of improving them.

Al-Sudani’s office said in a statement received by “Baghdad Today” that “Prime Minister Muhammad Shia’ al-Sudani received, this Friday morning, British Foreign Secretary David Cameron, on the sidelines of his participation in the Munich Security Conference 2024,” noting that “the meeting discussed bilateral relations between Iraq and the United Kingdom, and the importance of improving and strengthening them in all aspects, in a way that serves the common interests of the two friendly countries.”

 Al-Sudani stressed, according to the statement, that “Iraq today represents fertile ground for investments and economic work, and that the doors of investment are open to British companies,” noting that “the government seeks to organize work with the international coalition, and move towards ending its presence in Iraq, and moving to bilateral relations.” Multiple alliance countries.

Regarding the situation in Gaza, Al-Sudani pointed out “the necessity for the major powers to exercise their role in ending the ongoing war in the Palestinian territories, and stopping its repercussions on the security of the region and the world, and the necessity of protecting civilians and providing urgent humanitarian aid to them, after the comprehensive destruction caused by the occupation forces in the Gaza Strip.” .

For his part, Cameron expressed "his country's desire to expand relations with Iraq, in a way that achieves mutual benefit," stressing that "these relations should not be limited to the security aspect, which is being organized through Britain's participation in the international coalition. Rather, his country desires to create... Multiple partnerships with Iraq, especially in the economic and development aspects.”

Yesterday evening, Thursday evening, the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, headed to Germany, to participate in the Munich Security Conference 2024, after concluding his official visit to the Netherlands.   LINK

Al-Sudani: The Government Has Priorities, Including Reforming The Iraqi Economy

Thursday 15, February 2024 21:40 | Economical Number of readings: 714

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani said: The government has priorities, including reforming the Iraqi economy, and we cannot continue to rely on oil revenues only.

https://ninanews.com/Website/News/Details?key=1107926

Work: 150,000 Men Applied For The Care Stipend As Female

Logo of the Ministry of Labor and Social Affairs. "Internet"

Economy News – Baghdad  On Friday, the Social Protection Authority in the Ministry of Labor and Social Affairs revealed that there were 150,000 men who applied to receive the welfare salary as female.

The head of the authority, Ahmed Khalaf, said in a statement to state television, seen by Al-Eqtisad News, that “35,000 care abusers were discovered during the last period, and we may reach 300,000 abusers during the coming months,” indicating that “care services have ended the coverage of 900,000.” A family on social care, while the number of people covered by social care reached 7 million individuals.”

He added, "Social assistance salaries are equivalent to the employee's salary, as the aid measures aim to reduce poverty," noting that "90 percent of the beneficiaries have social welfare salaries."

He pointed out that "most of the organizations that claim to help the poor are organized gangs, and there are 150,000 men who applied to receive the care stipend as female."

Views 18 02/16/2024 - https://economy-news.net/content.php?id=40525

Points To Ponder on Anxiety about the Future 

To be ambitious for wealth, and yet always expecting to be poor, to be always doubting your ability to get what you long for, is like trying to reach east by traveling west. ... No matter how hard you work for success, if your thought is saturated with the fear of failure, it will kill your efforts, neutralize your endeavors and make success impossible.  - Charles Baudouin

Studies by Medical Corps psychiatrists of combat fatigue cases ... found that fear of killing, rather than fear of being killed, was the most common cause of battle failure, and that fear of failure ran a strong second.    - S. L. A. Marshall

Think like a queen. A queen is not afraid to fail. Failure is another step-pingstone to greatness.  - Oprah Winfrey

Half the things that people do not succeed in are through fear of making the attempt.  - James Northcote

A champion is afraid of losing. Everyone else is afraid of winning.  - Billie Jean King

http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html

"Tidbits From TNT" Friday Morning 2-16-2024

TNT:

CandyKisses:  Al-Sayhoud: Al-Sudani's visit to the Netherlands is an extension of a comprehensive government program aimed at building and developing the country and upgrading its economic, commercial and security joints

 Baghdad / Nina / The Secretary-General of the Generations Gathering MP Mohammed Saadoun Al-Sayhoud promised the visit of Prime Minister Muhammad Shia Al-Sudani to the Kingdom of the Netherlands as an extension of a comprehensive government program aimed at building and developing the country and upgrading its economic, commercial and security joints.

Al-Sayhoud explained in a press statement today that: The visit of Prime Minister Mohamed Shia Al-Sudani to the Kingdom of the Netherlands came to enhance ways of joint cooperation in many fields, especially agricultural, economic and trade, given that the Netherlands is one of the major countries economically and security, and therefore the trade and agricultural exchange and the development of expertise with it will cast a shadow on the frameworks of development, economy and investment to advance and upgrade the country to a better level.

He added that: Strengthening international and regional relations between Iraq and the countries of the world in the midst of the work of the Sudanese government and its reform and service program has come a long way in the development and construction of Iraq, especially after the isolation and heavy legacy left by previous governments, and therefore Iraq's leap in the field of building strategic bridges with the countries of the world under the Sudanese government will create a broad and fertile climate for building the country and developing all its fields.

Tishwash:  Al-Sudani urges British companies to go to Iraq: We have fertile ground for investment

Prime Minister Muhammad Shiaa Al-Sudani stressed, this Friday morning, that Iraq has become a “fertile land” for investment and economic work, calling on British companies to search for their opportunities in the Iraqi environment.

Al-Sawadni’s media office stated in a statement received by Shafaq News Agency, that the latter received British Foreign Minister David Cameron, on the sidelines of participation in the Munich Security Conference 2024.

During the meeting, Al-Sudani discussed bilateral relations between Iraq and the United Kingdom, and the importance of upgrading and strengthening them in all aspects, in a way that serves the common interests of the two friendly countries, noting that Iraq today represents fertile ground for investments and economic work, and that the doors of investment are open to British companies.

He pointed out that the government seeks to organize work with the international coalition, move towards ending its presence in Iraq, and move to multiple bilateral relations with the coalition countries.

Regarding the situation in Gaza, Al-Sudani stressed the need for the major powers to exercise their role in ending the ongoing war in the Palestinian territories, and stopping its repercussions on the security of the region and the world, and the necessity of protecting civilians and providing urgent humanitarian aid to them, after the comprehensive destruction caused by the occupation forces in the Gaza Strip.

For his part, Cameron expressed his country's desire to expand relations with Iraq, to ​​achieve mutual benefit, stressing that these relations should not be limited to the security aspect, which is being organized through Britain's participation in the international coalition, but rather his country desires to find multiple partnerships with Iraq, especially in economic and development aspects.  link

**************

CandyKisses: Within 10 months. About 318,000 cargo trucks crossed from Iran to Iraq

Twilight News / The Director General of Customs of the Iranian province of Kermanshah, Ali Asghar Abbaszadeh, announced on Thursday, that about 318 thousand trucks loaded with various goods crossed through the port of Kermanshah to Iraq in ten months.

Quotes Iranian Mehr Agency, in a report translated by Shafaq News Agency, about Abbaszadeh, He said that the number of trucks exporting goods in ten months of this year (the Iranian year) starts on March 21), which crossed into Iraq from Kermanshah customs amounted to 317,000 and 898 trucks.

He added That the customs of Pervizkhan border with Iraq had the largest share of trucks carrying Goods, numbering 119,039 trucks.

Noted The share of Khosravi customs in trucks amounted to 79,542 trucks, and Sumar customs 61 Two thousand and 237 trucks, and Sheikh Saleh customs 35 Two thousand and 285 trucks, and the Shoshmi customs had a quota of 22 thousand and 795 trucks.

And seal Abbaszadeh said that the total load of exported trucks amounted to 6 million and 75 thousand and 865 tons, pointing out that the value of these goods amounts to two billion and 587 million dollars, and one of the most important commodities Export rebar, iron, ceramic tiles, building stones, fruits vegetables, dairy products, all kinds of plastic products, containers that Disposable use.

CandyKisses:  Prime Minister: The development road project is a large economic corridor linking the port of Faw with Europe via Turkey

Economy News - Baghdad

Prime Minister Mohamed Shia Al-Sudani confirmed on Thursday that the development road project is a large economic corridor linking the port of Faw with Europe via Turkey, while revealing that the port will be opened in mid-2025.

The Prime Minister's Media Office said in a statement, seen by "Economy News", that "Prime Minister Mohamed Shia Al-Sudani attended a dialogue seminar held on the sidelines of his official visit to the Netherlands, in the presence of a group of businessmen and representatives of 40 Dutch companies."

Al-Sudani pointed - according to the statement - to "bilateral relations with the Netherlands, and the aspiration to develop them, especially in the economic aspect," stressing, "Iraq is going through a state of recovery today, at various levels, after overcoming the stage of the war on ISIS, in which the Iraqi people won, with the support and backing of the international community, and the Netherlands was among the countries supporting these efforts."

On the other hand, he added, "We asked the international coalition to end its 10-year mission in Iraq, in light of the readiness and efficiency of the Iraqi security services," noting, "The government has priorities, including reforming the Iraqi economy, and we cannot continue to rely on oil revenues only."

He continued, "We are moving on two tracks: the first is to achieve reforms in various economic, banking and financial sectors, and gas investment, and the other is to implement projects that provide jobs and meet our needs of services and goods," explaining that "Iraq imports annually $ 70 billion of goods (2020), and with the Netherlands we have imports of about $ 500 million annually."
"We have started the program of optimal water use, in the conditions of scarcity that the region and the world are experiencing," he said.

He added, "We supported farmers and farmers in the acquisition of modern irrigation systems, and we are trying to invest successful experiences in the Netherlands to confront water scarcity in Iraq," noting that "one of the outputs of the meeting with the Dutch government is the formation of a cooperation council between Iraq and the Netherlands, to follow up on all files, including the Agriculture and Water Committee."

The prime minister stressed, "We succeeded in approving a three-year budget, which is a message of stability in the implementation of projects without delay," noting that "the Iraq Fund for Development will enter with the private sector in the implementation of projects away from the government, whose role will be planning and organizing."

For the first time, the government provides sovereign guarantees to the private sector of up to 85% for any project being implemented," he said.

We need a group of factories that provide construction materials for new cities and invest in existing natural resources," he said, adding, "Iraq has adopted the development road project, which is the large economic corridor that connects the large port of Faw to Europe through Turkey, all the way to the port of Rotterdam."

He also pointed out that "the development road saves time and transportation costs, and will contain railways without stopping," pointing out that "the large port of Faw will witness the light and opening in mid-2025, and one of the ships has docked a trial berth on one of its five berths."

He added, "We submitted the draft law on economic amendments, which will provide an attractive environment for the private sector, and provide a percentage of ownership for the foreign company up to 100%."

We have embarked on a radical reform of the financial and banking sector, and procedures related to compliance with international standards in remittances," he said, stressing that "international and Arab banks have begun to open their branches in Iraq."

He pointed out that "all nationalities are currently working in Iraq, and at the level of the European Union, there are French, Italian, German, Spanish and Austrian companies, as well as Asian, Arab and from the countries of the region."

He concluded by saying: "There is a will and work at all levels of Iraqi state institutions to move to a better reality”

Mot:  grrrrrrrrr - is it spring yet 

Mot: ..”Is today the day?”

MilitiaMan: Iraqi Dinar - Freedom Money Transfer - Accession to the WTO - Deleting Zero's - Fact or Fiction - WB

Iraqi Dinar - Freedom Money Transfer - Accession to the WTO - Deleting Zero's - Fact or Fiction - WB

MilitiaMan and Crew:  2-15-2024

The Crew:  Samson, PompeyPeter, Petra, Angel1,  Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=9YLNr1dvOJU