WOTS MON AUG 30 21
Foreign Ministry: Iraq has become an investment opportunity
Thes
These are the articles I discussed on the My FX Buddies Podcast which is below:
The United States announces its support for the Baghdad Conference
US National Security Adviser Jake Sullivan confirmed today, Friday, that President Joe Biden fully supports the Baghdad Conference on Cooperation and .Partnership, which will be held in Iraq tomorrow, Saturday
This came in a telephone conversation that Sullivan made with Iraqi Foreign Minister Fouad Hussein, during which he indicated that this conference aims to promote diplomacy and .dialogue throughout the Middle East region National Security Council spokeswoman Emily Horne said in a statement that Sullivan and Hussein discussed "the important role of Iraq in the region and the significant diplomatic efforts ".led by its government to bring nations together and de-escalate tensions where possible
Sullivan and Hussein are also committed to an ongoing security partnership consistent with the" recent Strategic Dialogue held last month in Washington to ensure that the so-called IslamicState (ISIS) never returns to Iraq and allow communities recovering from terrorism to rebuild .with dignity," the spokeswoman added The two officials also affirmed the "firm commitment of the United States and Iraq to continue coordination with global partners to combat ISIS financing, propaganda, and foreign fighter movements."
An economic expert: The Baghdad summit is a historic event to change the economic path and create an economic partnership to attract foreign investments
The expert in economic affairs, Jamal Shaker, confirmed that Iraq's hosting of the Baghdad conference is a historic event to change the course of the political and economic process and create a national economic partnership to attract foreign investments.
And he said in a statement to the National Iraqi News Agency / NINA / today that Iraq's hosting of the Baghdad Summit Conference is a bold step for Al-Kazemi's government after the collapse of the world's economies due to the Corona pandemic to achieve gains and investments that will enter the country after the region witnessed security stability. Indicating that the Baghdad conference will restore Iraq to its normal position and reconstruction in various vital sectors.
He added that the Arab presence on the land of Iraq will open an economic and investment window to achieve joint cooperation in supporting investment opportunities for companies wishing to invest while creating youth energies to work according to the requirements of the next stage. Pointing out that the Iraqi government's understandings with the Arab world will give the Iraqi people a glimmer of hope towards a bright future
An economic expert: The Baghdad conference will contribute to attracting Gulf investments to Iraq
The economic expert Safwan Qusay confirmed: "The Baghdad Conference for Cooperation and Partnership will contribute to restoring confidence in the Iraqi state and attracting Gulf investments to Iraq."
Qusay said in a statement to the National Iraqi News Agency / NINA / that "Iraq seeks through the Baghdad Conference 2021 to open a window for partnership and integration with neighboring countries and regional and international partners. It is clear that there is a great opportunity to support the project of political, security and economic stability."
He pointed out that "the presence of this high-level representation in Iraq and the presence of an Iraqi government mentality that operates with an investment mentality, will support Iraq's obtaining its natural position for its reconstruction in the field of energy, agriculture, infrastructure and investment of the geographical location, and most importantly restoring confidence in the Iraqi state because this will contribute to attracting Gulf investments to the lands." Iraqi".
He added, "Iraq has untapped resources in all sectors, which can be invested to stimulate the gross domestic product to reach 500 billion dollars annually."
And the economic expert continued: "We believe that Iraq deserves its global economic position that places it among the 20 largest countries in the world, if it is thought to develop the economic interests of these countries in Iraq and work towards strategic integration with the new partners."
Proposal to digitally reintroduce small denominations
link this is the current $250 note I am still not exactly sure what this is saying I would like to see another translation but my oh my what timing to see talk like this
Foreign Ministry: Iraq has become an investment opportunity
Ministry of Foreign Affairs revealed today, Monday, that the Baghdad conference confirms cooperation and partnership in a new style towards economy and investment, stressing that it is following with great importance the outcomes of the Baghdad conference, indicating that Iraq has become an investment opportunity.
The ministry’s spokesman, Ahmed Al-Sahaf, told the Iraqi News Agency (INA): “The ministry works through commitment to collective initiatives with all Iraq’s neighbors and partners, in affirmation of the principle of openness to all parties with standards of national sovereignty and national interest, and in light of this, the Baghdad conference came in this context to confirm A new type of partnership and cooperation based on economy and investment.
He added that "the outcomes of the Baghdad conference are followed up by the Ministry of Foreign Affairs with great interest and are based on an important variable, which is what the joint final statement mentioned to the participants, that there will be a committee of foreign ministers of the gathered countries, to follow up on the outcomes of the Baghdad conference."
He added, "This involves providing follow-up aspects and meetings related to the economic and investment interests proposed by Iraq."
He pointed out that "there is a big difference between August of 2014, when terrorist gangs of extremism stormed Iraq and it was an existential threat to the structures of the state and Iraqi society. Today, we are talking about August 2021, in which the Baghdad Conference was held."
The work of the Baghdad Conference for Cooperation and Partnership was launched on Saturday, with the participation of Iraq and 9 countries: Egypt, Iran, Saudi Arabia, Jordan, Qatar, UAE, Kuwait, Turkey and France.
The summit was attended by French President Emmanuel Macron, Egyptian President Abdel Fattah El-Sisi, King Abdullah II of Jordan, Qatar's Emir Tamim bin Hamad Al-Thani, Kuwaiti Prime Minister Sabah Khaled Al-Sabah, his Emirati counterpart Mohammed bin Rashid Al Maktoum, and the foreign ministers of Iran, Saudi Arabia and Turkey.
The final statement of the Baghdad Summit welcomed the tireless Iraqi diplomatic efforts to reach a common ground with the regional and international environments in order to strengthen political, economic and security partnerships, adopt constructive dialogue and consolidate understandings on the basis of common interests, stressing that Baghdad's embrace of this conference is a clear evidence of Iraq's adoption of a policy of balance and positive cooperation in his foreign relations.
Economically, the participants affirmed support for the efforts of the Government of the Republic of Iraq in the reconstruction, provision of services, infrastructure support and strengthening the role of the private sector, as well as its efforts in dealing with the file of the displaced and ensuring the voluntary and dignified return to their areas after turning the page on terrorism.
On the security side, the participants commended Iraq's efforts and great sacrifices in its war on terrorism with the help of the international coalition and its brothers and friends to achieve victory, and welcomed the development of Iraq's military and security capabilities in a way that contributes to the consolidation and strengthening of security in the region, renewing their rejection of all types and forms of terrorism and extremist ideology.
Comment from the US President on the Summit in Baghdad
On Sunday, US President Joe Biden congratulated the Iraqi government for hosting the Baghdad Conference on Cooperation and Partnership, praising the role of the summit in easing tensions between neighboring countries.
The US President said in a statement to the White House, which was followed by "Nass" (August 29, 2021), that "Iraq is a partner of ours, we are committed to strengthening our relations with it, and we strive together to achieve stability throughout the Middle East."
The statement added that "Iraq has exercised historic leadership to reduce tensions and expand cooperation across the Middle East," noting that "diplomacy should be the first tool of our foreign policy, and we are grateful to have partners who share this vision."
"When Prime Minister Al-Kadhimi and I met in the Oval Office last month, we discussed Iraq's important role in the region and the significant efforts led by the Government of Iraq, including the Kurdistan Regional Government, to improve and strengthen relations between Iraq and its neighbors," Biden continued.
For its part, the US embassy in Iraq confirmed that the Baghdad conference represents an important step in strengthening stability.
And the embassy said in a statement that "Nass" received a copy of it (August 28, 2021), that "the United States of America congratulates Iraq on hosting a successful and fruitful conference for neighboring countries."
She added, "This conference is a reflection of Iraq's leading role in the region, and it also represents an important step in promoting regional stability through constructive dialogue."
The US State Department said, on Saturday, that the Baghdad Conference for Cooperation and Partnership, hosted by the Iraqi capital, with regional and international participation, reflects Iraq's role as a "leading" country in the region.
In a statement issued by the Near East Administration, the Foreign Ministry considered the conference an "important step to enhance regional stability through constructive dialogue."
The meeting at the Baghdad Conference for Cooperation and Partnership decided to form a follow-up committee from the foreign ministries of the participating countries, to prepare for periodic meetings and discuss the strategic economic and investment projects presented by Iraq.
The final statement of the Baghdad Summit, of which "Nass" received a copy (August 28, 2021), stated that "the participants in the Baghdad Conference for Cooperation and Partnership met on August 28, 2021 at the level of leaders and leaders to support Iraq and discuss challenges, common issues and future prospects."
He added, "The participants expressed their thanks and appreciation for the efforts of the Republic of Iraq in holding and sponsoring this conference with the participation of leaders and leaders of the region and friendly countries, and expressed their support for the Iraqi government and people, and stressed the need to unify regional and international efforts in a way that positively reflects on the stability and security of the region. Iraq, the coordinating role played by the French Republic in holding and attending this conference, and its active participation in it.
The statement continued, "The participants welcomed the tireless Iraqi diplomatic efforts to reach a platform of common ground with the regional and international environments in order to strengthen political, economic and security partnerships, adopt constructive dialogue and consolidate understandings on the basis of common interests, and that Baghdad's embrace of this conference is a clear evidence of Iraq's adoption of a policy of balance and cooperation." positive in its foreign relations.
The statement indicated that "the participants renewed their support for the Iraqi government's efforts to strengthen state institutions in accordance with constitutional mechanisms, to hold parliamentary elections that represent the Iraqi people, and to support Iraq's efforts to request international monitoring to ensure the integrity and transparency of the expected voting process."
The participants acknowledged that "the region faces common challenges that require the countries of the region to deal with it on the basis of joint cooperation and mutual interests and in accordance with the principles of good neighborliness, non-interference in the internal affairs of countries and respect for national sovereignty."
The participants also praised "Iraq's great efforts and sacrifices in its war against terrorism with the help of the international coalition and its brothers and friends to achieve victory, and they welcomed the development of Iraq's military and security capabilities in a way that contributes to the consolidation and strengthening of security in the region, renewing their rejection of all kinds and forms of terrorism and extremist ideology."
While the attendees valued the efforts of the Iraqi government within the framework of achieving economic reform in a way that secures sending positive messages that encourage investment in various sectors, benefit everyone, create an appropriate economic environment, and enhance the process of sustainable development and job creation, according to the statement.
The participants emphasized "supporting the efforts of the Government of the Republic of Iraq in the reconstruction, provision of services, infrastructure support and strengthening the role of the private sector, as well as its efforts in dealing with the file of the displaced and ensuring the voluntary and dignified return to their areas after turning the page on terrorism."
They stressed the need for continued cooperation in confronting the Corona virus pandemic through the exchange of experiences and the transfer of successful experiences regarding vaccination mechanisms, support of the health sectors and building effective cooperation to confront this common challenge and its significant health, social and economic impacts, according to the statement.
The statement said, "It was also agreed on the need to strengthen efforts with Iraq to deal with the challenges arising from climate change and global warming in accordance with relevant international agreements," explaining that "the meeting decided to form a follow-up committee from the foreign ministries of the participating countries to prepare for periodic meetings of the conference, and to discuss projects." The economic and investment strategy presented by Iraq.
In turn, Iraq expressed its gratitude and appreciation for this active presence of leaders of brotherly and friendly countries, foreign ministers, regional and international organizations and diplomatic missions participating and monitoring in the Baghdad Conference for Cooperation and Partnership, according to the statement.
Adviser to the Prime Minister: The 2022 budget will be distinguished by something important, and we do not rule out surprises
Saleh told {Euphrates News}: "This budget will be characterized by greater revenues and less deficit if the spending ceilings remain less than the deficit, as the financial obligations will then be lower."
He added, "It is the duties of the current government as long as there is plenty of time to prepare the budget, even if the new parliament wants to make observations or make changes to it."
Saleh pointed out, "Circumstances are changing, and there may appear surprises, as it relied on an oil price of 50 dollars per barrel, according to what was announced by the Ministry of Finance."
And Finance Minister Ali Allawi announced last Thursday the completion of the preparation of the draft financial budget law for 2022, and that it will be presented within 3 weeks to the Council of Ministers.
And Allawi indicated in a press statement that "the price of a barrel of oil in the 2022 budget will be $50, or 65% of the total. The state budget goes to salaries, and OPEC may add 450,000 barrels to Iraq's oil production."
And he indicated, "There are about 6.5 million citizens who receive financial dues from the state."
He pointed out, "The state's oil resources are eroding due to the large obligations of salaries and retirement, and that the improvement in oil prices does not solve the financial distress quickly because of internal and external debts, and the state's resources in Iraq are used incorrectly."
Parliamentary Finance confirms the 2022 budget needs half of the next year to be approved
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The Parliamentary Finance Committee confirmed, on Monday, that the period for passing the 2022 budget needs half of next year.
Committee Rapporteur Ahmed Al-Saffar said in an interview with the Iraqi News Agency and followed by "Economy News", that "the government has not yet submitted the draft federal budget law for the year 2022 to the House of Representatives, as the House does not have any information about the expected deficit within the budget," noting that "Any bill presented during the current period will be worthless, as Parliament does not have enough time to pass it in light of the approaching holding of early elections."
He added, "The government will turn into a daily caretaker government during the elections," noting that "passing the budget needs time up to the middle of next year."
He pointed out that "the financial dealings for the next year will be according to the 12/1 system of the 2021 budget law."
Washington announces a long-term commitment with Iraq and Kurdistan and warns of a new emergence of ISIS
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On Monday, the US consul in Kurdistan confirmed President Joe Biden's "long-term" commitment to Iraq and the region, and while he warned of a new emergence of "ISIS" in the country, he indicated that the Iraqi situation is different from Afghanistan.
The US Consul in the region, Robert Palladino, said during a press conference held today, in Erbil, with a group of Kurdish media, which was attended by Shafak News Agency, that "America has started withdrawing its forces from Iraq as agreed upon," noting that "the remaining forces will be organized. According to the agreement, they are training forces.
He added that "the war with ISIS is not over yet," noting that "President Biden confirmed the commitment of the United States to support Iraq and the Kurdistan Region."
Palladino stressed, "We are committed to a long-term agreement with Iraq and the region
Regarding the upcoming elections, he stressed, "We will not support any particular candidate or party in Iraq, but the US government supports the Iraqi government in holding fair elections."
He pointed out that "the US government supports the voting process, and wishes the Iraqis to exercise their right to vote," noting that "the stability of the Middle East is the stability of Iraq, and the situation here is different from Afghanistan, and each country has its own privacy."
Palladino noted that "America will not change its policy in the Kurdistan Region," stressing that his country "will continue to support the Peshmerga forces in terms of securing military needs, arming and training."
He pointed out that "the US government helped the Peshmerga Ministry in carrying out reforms," explaining that "last year it provided more than 250 million dollars to the Peshmerga."
As the US consul stressed, "We are certain that if efforts do not continue, ISIS will reappear, and we know very well that ISIS still poses a threat, and this international coalition continues to fight it."
The US consul also said, "We see ISIS continuing to blow up energy towers to deprive citizens of electricity in this hot season, and we also see ISIS blocking roads from people, kidnapping and killing them."
Al-Sadr's return to the electoral race frustrates Maliki's third term
In light of the recent rapprochement between the leader of the State of Law coalition, Nuri al-Maliki, and the Kurdistan Democratic Party led by Massoud Barzani, the Sadrist movement announced, on the lips of its leader, the cleric Muqtada al-Sadr, last Friday, the twenty-seventh of this August, from al-Hanana, his retraction from the decision to withdraw from the electoral race after it required The national interest is the return. On the other hand, there are apparently political forces that welcomed Al-Sadr’s move, but they embrace another position, based on achieving partisan gains in the absence of Al-Sadr, to be the arena for them to rise. On the ladder of the prime ministership. The best example of these forces is the leader of the state of law, Nuri al-Maliki, who called for reconciliation with all political blocs, especially with al-Sadr, while the spokesman for the Sadrist bloc, Awad al-Awadi, said: “We will not be a false witness about the return of the prime ministership. To al-Maliki,” while the leader of the State of Law coalition took advantage of al-Sadr’s absence from the elections, and held meetings with the Kurds, to reach an agreement between the two sides that would pave the way for developing a road map for understandings after the election results were announced. Prime Minister in the next stage.
Against the background of the recent rapprochement between al-Maliki and Barzani, after a rupture and the exchange of accusations over the past years, questions arose between the political and media circles. Did the Kurds forget the false promises of al-Maliki? Or did he turn a new page by making concessions in exchange for guaranteeing his entry to the government palace, after spending eight years in it that witnessed pivotal events that overthrew his quest for a third term?
The circles welcomed the political return of al- Sadr to the race, topped
the list of welcoming Prime Minister Mustafa Kazmi, which opened the door of possibilities in front of al- Sadr's mandate Kazmi support for the second, and in this context, a political analyst Ibrahim Asamada said : "I feel joy ventured to return the Sadrists to participate in The elections, and this means that I have hope that my green friends will leave, perhaps I will devote myself to writing a book entitled, The Year of the Elephant, Al-Kazemi’s Year in the Republican Palace, without restricting my arrest against an unknown person.
The followers of the Sadrist movement demanded the reopening of
registration on the biometric electoral card after many of them destroyed and burned it, in response to the movement’s decision not to run in the elections. , hired, empty, stupid, vile mercenaries, blameworthy, their leader and their slaves had to spit in their faces, despise and insult them, laugh at them and play with their emotions by making many contradictory decisions.
Resist them oh this one, because they don't deserve life.
The return of the Sadrist movement to the elections resolved the controversy over whether to hold it or postpone it amid the completion of the preparations of the political forces to enter into a fierce competition in all governorates without exception, coinciding with the start of the countdown to the time of
voting.
Opening the doors of economic, industrial and commercial integration and “big energy” projects
In an “analytical reading” on the economic outcomes of the “Baghdad Summit for Cooperation and Partnership,” which was hosted by the Iraqi capital, Baghdad yesterday, with the participation of His Majesty King Abdullah II and a number of leaders of the region and the world, it was stated in the “analytical paper” that the “Baghdad Summit for Cooperation and Partnership” was not a result The moment is not like other peaks, but rather it is unique of its kind and the fruit of a creative effort made by the government of Iraqi Prime Minister Mustafa Al-Kazemi since its formation about a year and a few months ago, specifically in May 2020. And its entity is for President Al-Kazemi to rearrange the internal house, bring the views closer between the different colors of the political spectrum, and form a consensual state that establishes a new phase of rebuilding civil, military and security institutions inside Iraq, which Al-Kazemi’s government seeks to move from the stage of fighting terrorism, with one hand, to activating the other hand through reconstruction.
President Al-Kazemi, in parallel with rearranging the internal house, leading to parliamentary elections on the tenth of next October, began moves to restore Iraq’s regional and international role, which was greatly helped by the great support he received from His Majesty King Abdullah II, in Jordan’s belief in the importance of Iraq’s security and stability, and based on the The well-established historical relations between the two countries and the belief that both Iraq and Jordan constitute the lungs of the economy for the other, and there is a lot of history evidence of that. Then, Jordan opens the door wide to the entry of other economic partnerships in the region through joint (Jordanian-Greek-Cypriot) cooperation.And Cyprus is willing to contribute and invest in projects for the reconstruction of Iraq and through cooperation with the axis (Jordan, Iraq and Egypt).
The Analytical Paper of the Al-Dustour Center for Economic Studies on the outcomes of the “Baghdad Summit” indicated that the Iraqi file was at the forefront of the important regional files discussed by His Majesty King Abdullah II recently during his historic visit to the United States of America. Terrorism, rearranging its internal home and restoring its regional and international role, on the basis that the stability of Iraq is the stability of Jordan, and vice versa.His Majesty the King succeeded in supporting the “Iraqi file” during his dialogues with all rooms and decision-makers in the United States, starting with US President Joe Biden, passing through the Vice President, Minister of Defense, National Security Adviser, Secretary of State and the US Congress with its deputies and sheikhs, and this helped a lot and opened the doors of American acceptance and understanding of what It was put forward by Iraqi Prime Minister Mustafa Al-Kazemi during his recent visit to the United States of America, which immediately followed the visit of His Majesty King Abdullah II to Washington.
Preparation for the Baghdad summit was continuing to gather approvals for its attendance between the neighboring houses and supporting international countries, and there was joint Jordanian-French communication for this, and this matter was embodied by the keenness of French President Emmanuel Macron to attend the summit personally, and His Majesty King Abdullah thanked him for his presence and support during his meeting Yesterday on the sidelines of the Baghdad summit.
The “Baghdad Summit” had completely clear and declared goals embodied in restoring the regional and international role of Iraq, cooperation between neighboring countries to fight terrorism, and entering into economic development partnerships for the reconstruction of Iraq. According to the paper of the “Al-Dustour” Center for Economic Studies, foremost of which is:
The mere convening of the “summit” is a success in itself and evidence of Iraq’s central role in building bridges and promoting regional and international dialogue, as His Majesty King Abdullah II said in his speech yesterday at the opening of the conference.
- The summit succeeded in gathering the “parties” at one table, and this in itself is a great success for the Iraqi diplomacy led by President Mustafa Al-Kazemi, through the participation - in addition to Jordan, Egypt and France: (Saudi Arabia, Iran, Qatar, Turkey, UAE and Kuwait). All of them agreed on the importance of The role of Iraq and their willingness to support it in the fight against terrorism, work on its stability, support it economically, and contribute to reconstruction projects.
- The summit witnessed Arab, Islamic and international support through the participation of (the League of Arab States - the Organization of Islamic Cooperation - and the Gulf Cooperation Council), in addition to about 20 ambassadors, including the United States of America.
- Even Lebanon was present on the sidelines of the summit, whether through His Majesty King Abdullah II's talks with French President Macron or through an appeal to the Lebanese Prime Minister-designate Najib Mikati for the summit to take care of Lebanon.
- The summit formed a great regional and international support for the successes of Prime Minister Mustafa Al-Kazemi, and he was keen to move forward with his conciliatory policies locally and regionally to restore Iraq’s role, establish security and security internally and regionally, and revitalize development and the economy to benefit the Iraqi citizen, who has suffered greatly from the scourge of destruction, the decline of the economy and the loss of jobs. It is time to restore the wheel of development and investments.
The economy at the “Baghdad Summit”:
- The title of the summit is a mixture of “cooperation and partnership” and it is in addition to “political and security” cooperation and partnership, that Iraq is looking forward through this summit to partnerships and economic cooperation between all neighboring countries, the region and the world so that Iraq can restore its developmental role first, and because regional projects The next major will reflect positively on Iraq and all the participating and investing countries because of Iraq's human, financial and oil wealth.
- Iraq today has the readiness and ingredients that enable it to launch quickly the stage of development and reconstruction, starting with its strategic partnerships, in which it has made great strides through joint (Jordanian-Iraqi-Egyptian) cooperation, which achieved during 3 years and 4 summits, trade, economic and investment agreements between these three countries, specifically between Jordan And Iraq on the one hand, and between Egypt and Iraq on the other hand, is what enables Iraq specifically to start operating projects in multiple sectors, including contracting, engineering projects, information technology, food and medical industries, in addition to the sectors of industry, trade, energy, transportation and others.
- Iraq is on the verge of major regional projects worth billions of dollars, at the forefront of these projects: the “economic development zone” between Jordan and Iraq with the participation of Egypt, and the “Basra-Aqaba” oil pipeline project. There are aspirations for Egypt to benefit from this line as well - Energy and electricity projects between Jordan and Iraq And the giant Jordanian-Egyptian gas projects, which the countries of the region generally benefit from, including Lebanon through Syria, and certainly the field is always open for Iraqi and regional partnerships with projects that Jordan aspires to put forward soon, foremost of which is the “national carrier project.”
- The region is on the verge of major development projects in the field of energy and transportation, specifically railways. These huge projects were at the forefront of the outcomes of the first Arab economic summit that was held in Kuwait in early 2009, with billions of dollars, but they were neither implemented nor implemented.
From here, there was more than one indication during the “Baghdad Summit” about the need to work on implementing the outcomes of the Iraq Reconstruction Conference hosted by Kuwait in 2018, which needs to be activated, and it seems that the next stage has become conducive to such.
- The summit talked about the importance of cooperation of neighboring countries, the region and the world in facing two problems that the world is suffering from at this stage, namely “the lack of food security - and facing the repercussions of the Corona epidemic.” This was pointed out by His Majesty King Abdullah II during his speech at the summit yesterday.
Economic projects and outputs
in the “Baghdad Summit”:
- Among the most prominent observations of the analytical paper of the “Al-Dustour” Center for Economic Studies on the economic outcomes of the Baghdad Summit, we refer to the following:
- His Majesty King Abdullah II clearly stated that the stage is in urgent need for the efforts of the countries of the region and the world to unite to confront the dangers of food security shortage and the consequences of “Corona.” The region, especially with “Iraq” as well as “Lebanon” and the rest of the countries of the region and the world, also proceeding from what His Majesty referred to in international forums about the need to reset “globalization”.
- It was confirmed during the "summit" that Iraq opens its doors to the reconstruction phase, and announced mechanisms for establishing sustainable economic and investment partnerships in various fields between Iraq and the countries of the region, and that Iraq - as confirmed by Iraqi Prime Minister Mustafa Al-Kazemi during his speech at the opening of the conference - emphasized That there is international seriousness in supporting investment in Iraq, and that there is an effort by the Iraqi government to activate projects and restore life in all Iraqi cities.
- During a press conference held by Iraqi President Barham Salih with his French counterpart Emmanuel Macron, several matters related to economic cooperation were revealed, including:
- The conclusion of economic contracts in the field of energy between Iraq and France on the sidelines of the "Baghdad Conference for Cooperation and Partnership".
- The French President's assertion that France is an economic partner for the reconstruction of Iraq.
- France allocates a budget to support the stability of the liberated areas and is committed to supporting Iraq.
- A framework of French-Iraqi cooperation to combat climate challenges in the coming months.
- No investment , no development without security, safety and stability , and this is what succeeded by Congress through ( the collection of the parties - Iraq 's return to its regional role - down to security and economic partnerships)
- Iraq after the «Conference« looks forward to the start of stage: development and construction
- international support for the elections , the tenth of October The first is the next.. That position also constitutes support for Iraq by restoring the building of its civil and military institutions to achieve security, stability and development.
- Regional and international support for Al-Kazemi’s achievements, and the restoration of Iraq’s position, based on the conference’s assertion that: “Iraq is a security and economic pillar in the region.”
- Aspirations to implement many of the agreements signed between Iraq and neighboring countries and the world to include them in a tangible reality on the economy and development.
- Turkish commitment to achieve strategic infrastructure projects within its commitment to the Kuwait Conference 2018 for the reconstruction of Iraq.
A Saudi-Iraqi fund of about $3 billion and cooperation in the field of energy.
- Iraq's financial and human capabilities and capabilities will enable Iraq to quickly restore its political and economic role.
- Iraq's wars against terrorism cost him huge costs in lives and money.
- The "Baghdad Summit" stressed that Iraq is entering a new phase of construction and development.
- The Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, revealed - during the "Baghdad Summit" - preparations for holding the Iraqi Gulf reconstruction and investment conference in the coming period.
- Emphasis on the need to follow up on the outcomes of the Kuwait Conference 2018 to support Iraq economically, and the conference hosted by Kuwait had succeeded in collecting more than (30) billion dollars for the reconstruction of Iraq.
It remains to point out an important point, which is that Jordan, which played an important role through the efforts of His Majesty the King and through communication with the Iraqi brothers, particularly the Iraqi Prime Minister, with the success of the summit in achieving its goals. To discuss expanding the horizons of cooperation with the participating countries, especially in the economic fields.
Just as Iraq is looking forward to the post-Baghdad summit stage with optimism towards the start of the wheel of projects, Jordan will also benefit greatly from the reconstruction projects in Iraq in all its economic sectors, and the region’s major joint projects, all of which are projects that raise growth rates, attract investments and create job opportunities in Iraq, Jordan, Egypt and all countries in the region.
Baghdad - the stock exchange
147,400
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The price is in most Baghdad exchanges
Purchase
147,000
Sale
147,750
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Basra - Bursa
147,550
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Erbil - Bursa
147,550
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1427.9000 |  1478.7000 | 1457.0000 | 1457.0000 | 1457.0000 | -0.2000 | 06:04 |
| USD/VND | 22780.0000 | 22785.0000 | 22771.6400 | 22767.9400 | 22767.9400 | 5.2500 | 02:30 |
| USD/CNY |  6.4673 | 6.4693 | 6.4708 | 6.4650 | 6.4708 | -0.0035 | 05:15 |
| USD/KWD | 0.3003 | 0.3013 | 0.3008 | 0.3006 | 0.3008 | -0.0002 | 05:08 |
| GBP/USD | 1.3750 | 1.3751 | 1.3775 | 1.3748 | 1.3758 | -0.0004 | 05:17 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14352.0000 | 14356.0000 | 14377.0000 | 14306.0000 | 14306.0000 | 54.0000 | 05:17 |
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Oil prices rise, Brent records $72.80 a barrel
Oil prices recorded, on Monday, a noticeable rise, surpassing their highest levels in more than three weeks, as a strong hurricane swept the Gulf of Mexico, closing and evacuating hundreds of offshore oil platforms.
Brent crude rose 27 cents, or 0.4 percent, to $72.80 a barrel.
US oil turned negative and fell 6 cents to $68.52 a barrel, after jumping just over 10% over the past week.
Energy companies had shut down more than 95% of crude production, or 1.74 million barrels per day, in the US Gulf of Mexico by Sunday, according to the Bureau of Safety and Environmental Enforcement, as Ida heads toward drilling rigs and other infrastructure.
The Maritime Regulatory Authority said oil and gas companies have evacuated about 300 offshore facilities and moved more than 10 drilling ships away from the damage path.
The Finance Committee comments again on the postponement of budget appeals
The Finance Committee in the House of Representatives, on Monday, again suspended the consideration of budget appeals.
Committee member Jamal Cougar said, "The postponement of the court's consideration of the government's appeals regarding the budget until next September, this matter will not hinder the budget."
And he added: "It does not affect even if these appeals are important, which are 12 paragraphs, but the rest of the budget items are in effect."
And the Federal Supreme Court decided to postpone the decision on the appeals of the general budget for the year 2021 until the beginning of next September.
Learn about the Iraqi gains from the Baghdad conference.. Video
link the video is in Arabic of course
The Extra News channel presented a report on the Iraqi gains from the Baghdad conference, most notably the strengthening of Iraq's position regionally, and the re-opening of Iraq to its Arab surroundings through mutual visits, in addition to strengthening political and economic ties with Arab countries.
The report of the Extra News channel stated that the Baghdad conference was a message to the various parties in Iraq that elections must be held, and that Iraqi political forces found that postponing the elections was no longer possible, in addition to Iraq seeking to reach consensus on limiting foreign interference, and adopted a policy The Iraqi Prime Minister, Mustafa Al-Kazemi, insisted on dealing with everyone without exception, and the organization of the Baghdad conference came for all parties that have interests with Iraq.
The report indicated that there are economic gains, most notably the files of reconstruction and investment in Iraq, one of the most important files that were raised during the Baghdad conference, and Iraq aims to attract the largest amount of international support, and Iraq is linked to plans for projects for energy, electrical interconnection, and transportation with Egypt and Jordan, and Iraq seeks to attract economic support. And investments and projects from the Gulf countries.
CBI Update: Just a note:
including $58,920,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
8-29-2021 Intel Guru Petra Question "A little over 2 years ago the Kuwaiti conference was just loaded. 300 contracts had been agreed upon and signed. They were all motivated...we'll protect your money, your equipment, your people, come on. Then all of a sudden they did not fulfill that...nobody came into Iraq. We're talking about 100s and 100s of companies...what is the difference between 2 years ago when they were going to pour in and they just stopped...and now?" They did not have a plan. They did not have the 'white papers' to direct the future of Iraq. That to me was a key ingredient to acquire...they didn't have that back then. So to me they were not ready...
8-29-2021 Newshound Guru Pimpy Shabbibi was pissed off because he was not a fan of their [WTO] monetary policy. He said they did a great job of lowering inflation but it did nothing to help the growth of the economy because the exchange rate was too low...you can see that's where they are now...when people go, 'oh man that rte change is never going to change.' Oh , it's going to change. If he's saying it didn't help with the economic growth because of the exchange rate being too low what the hell do you think that means? Right now they're trying to rebuild. If they really want to boom an economy get people back into work, they're going to have to change the rate of exchange. Sooner or later you need more purchasing power...
8-29-2021 Newshound/Intel Guru Frank26 Article "The minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change" How else can they tell you they raised the value! What more do you want? ...they will announce it when it's time. They will announce it to their citizens and you will hear about it. It will be world news across the board. ABC, NBC, CBS...will carry it... Quote "The minister of Finance Allawi...The process of changing the exchange rate was not easy. The dollar exchange rate should have been changed years ago, which reflected something beneficial to reform the economic system." Monetary reform first economic reform 2nd...
8-29-2021 Newshound Guru Breitling Question "I understand Iraq will join the WTO by the end of the year, apparently they have to add value to the dinar before they can join. How true is this?" It's not true at all. They probably will be in the WTO by the end of the year but look at China. They're in the WTO. They're the biggest currency manipulators on the planet...
ARTICLE 1 (from PM Kadhimi's website)
On August 28, 2021, the Iraqi capital, Baghdad, hosted the (Baghdad Conference for Cooperation and Partnership) at the level of leaders and presidents to support Iraq and discuss challenges, common issues and future prospects.
The participants expressed their thanks and appreciation for the efforts of the Republic of Iraq in holding and sponsoring this conference with the participation of leaders and presidents of the region and allied countries, and expressed their support for the Iraqi government and people, and stressed the need to unify regional and international efforts in a way that positively reflects on the stability and security of the region.
Where the attendees appreciate the efforts of the Iraqi government in the context of achieving economic reform in a way that secures sending positive messages that encourage investment in various sectors, benefit everyone, create an appropriate economic environment, and enhance the process of sustainable development and job creation.
The participants emphasized support for the efforts of the Government of the Republic of Iraq in the reconstruction, provision of services, infrastructure support and strengthening the role of the private sector, as well as its efforts in dealing with the file of the displaced and ensuring the voluntary and dignified return to their areas after turning the page on terrorism.
In turn, Iraq expressed its gratitude and appreciation for this active presence of leaders of brotherly and friendly countries, foreign ministers, regional and international organizations and diplomatic missions participating and monitoring in the Baghdad Conference for Cooperation and Partnership
