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Including relations with the countries of the world.. A package of files on the table of the coordination framework meeting
Today, Monday, the coordination framework stressed the need to include service legislation on the parliament's agenda.
The General Secretariat of the Coordination Framework said in a statement, which “NAS” received a copy of, (August 21, 2023), that “the coordination framework discussed, in its periodic meeting No. (167), in the office of Mohsen Al-Mandalawi, a number of important service and political issues and files, especially those related to the general situation in Iraq".
The meeting stressed, according to the statement, "the need to include legislation related to serving citizens on the parliament's agenda, and work to approve it quickly."
The statement added, "The meeting discussed bilateral relations with the rest of the world and the government's interest in external openness and its pivotal role in the regional and international dimensions."
He continued, "The leaders of the framework renewed their affirmation and support for the government's efforts to make the local elections file and the mechanisms for their implementation a success."
Canada is preparing to change its relationship with Iraq.. Its ambassador reveals the details via "Baghdad Today"
Stop donating and granting
Today, Monday (August 21, 2023), the Canadian Ambassador to Iraq, Gregory Galligan, considered that his country’s relationship with Iraq must “change” from being a donor and another awaiting support, to a relationship of partnership and mutual benefit, while indicating that his country sees green energy as a field. suitable for cooperation between the two countries.
Galligan said in a special statement to "Baghdad Today", that "his country's government sees the green or clean energy sector in Iraq as an appropriate starting point for economic cooperation between the two countries," stressing "the importance of the sector in preserving the country's future with the recent security gains."
Galligan pointed out that "the security situation in Iraq has witnessed a significant improvement during the last period," pointing out that "this improvement must be accompanied by an economic improvement in the energy sector through the legislation and laws necessary to develop it and ensure its continuous growth."
The ambassador also made it clear that "the delay in approving laws and legislation is not strange for governments," noting that "the Canadian government sometimes takes a long time to pass laws and legislation related to the economy," according to his description.
Galligan also stressed that "the Canadian government seeks during the coming period to change the form of its work from a 'donor' to an important 'partner' for Iraq," noting "the importance of developing relations between Iraq and Canada from the current form that relies on support, especially for civil society organizations, To an economic partnership that achieves broad benefits for the two countries through exchanging experiences in exchange for investment.
The relationship of the exchange rate with the power of the economy
believes that the general public, who are not specialists in economics and money, believe that the criterion for the strength of a country’s economy is the exchange rate of its currency against the dollar, or any other currency or means. While most economists in the world unanimously agree that this theory is not correct, we are often faced with a question; Does the value of the currency reflect the strength of the economy of that country?
What concerns me as a specialist in economic affairs is to show the reality of the strength of the Iraqi economy and that the fluctuation of exchange rates does not mean the reality of the country's economy, as financial and economic experts agree that the exchange rate for any currency is an accounting number agreed upon between global central banks and does not reflect the strength of the country's economy .
To analyze the facts of this theory, let's take a comparison between the Saudi currency and the Jordanian currency, to verify the
correctness of the theory from its error.
With regard to the Saudi riyal, for example, (one dollar equals 3.75 riyals), 100 dollars equals 375 riyals), and as for the Jordanian currency (one dollar equals 70 piasters, every 100 dollars equals 70 Jordanian dinars. The question is: Does this mean that the Jordanian economy is stronger
than Of course not, because Jordan's GDP is $50 billion, while Saudi Arabia's GDP is nearly $1 trillion.From this we conclude
that the exchange rate does not reflect the strength and durability of the economy. Therefore, fixed exchange rates are a purely administrative government decision, not It is related to the robustness of the economy,
and if we follow international experiences in dealing with the size of their currencies, Argentina, Turkey and Italy have worked to delete six zeros from their currencies, which is a treatment to regulate currency circulation and reduce its volumes in dealing, and this proves that the exchange rate is an accounting number, nothing more, and a government decision.
There are trends in some countries that work to liberalize the value of their currencies by floating them because the exchange rate of the dollar is floating and liberalized, and here the estimates of governments remain with such a decision. Finance and economic experts attribute the reason for the floating to the inability to fix the exchange rate indefinitely, and this is related to the extent of economic and political stability.
The closest example of this is the Lebanese currency, in which the exchange rate has remained fixed for decades, every 100 dollars equals 1,500 pounds, but it was soon exposed to chaos and instability until the exchange rate collapsed, unfortunately, which is what is happening to it now
.
In conclusion, the Iraqi economy is strong and solid, but the fluctuation of the exchange rate is caused by the political and economic instability
in the country.
this is the big news for the day the definitely want this out there
The central bank sets the dollar exchange rate for travelers at 1,320 in cash, without commissions
link
Starting next Sunday
The Central Bank of Iraq announced, on Tuesday, setting the price of the dollar for travelers at 1,320 in cash and without transactions, as of next Sunday.
To / all licensed banks, all licensed exchange companies
Brokerage companies buy and sell all authorized foreign currency
m selling price of cash dollars
good greeting . www
Based on the decision of the Board of Directors of this bank No. (137) for the year 2023, it was decided the following: The sale of cash dollars allocated for travel purposes to banks, exchange companies, and mediation by buying and selling foreign baskets shall be at a price of (1305 dinars for each dollar purchased from this bank, provided that the sale price does not exceed The dollar to the traveling citizen is (1320) dinars for each dollar, as of the requests to buy dollars in cash that are sent to this bank next Wednesday corresponding to (23/8/2023), which is to be implemented next Sunday corresponding to 8/27/2023. It is forbidden to collect any commissions. An additional commission when selling cash dollars to a traveling citizen, as long as the dollar is purchased from this bank and according to the relevant instructions and controls, starting from the date of issuance of this circular. per dollar as a maximum limit, starting from the date of issuance of this circular.
We hope to work according to the above...with appreciation.
this was big news and discussed on tv too
Minister of Finance: The Treasury Single Account Project (TSA) will contribute to the fight against corruption
Minister of Finance, Taif Sami Muhammad, chaired today, Tuesday, a meeting with chairmen and members of the Treasury Unified Account Committee (TSA), which was attended by directors of government banks, representatives of the Central Bank and the Office of Financial Supervision.
A statement by the ministry, which was received by Earth News, stated, "During the meeting, progress in completing the unified treasury account was reviewed, and the subsequent positive indicators that are reflected in the financial and banking system."
The minister stressed the importance of doubling the work efforts of the sub-committees by obliging all spending units within the ministries and institutions to the allocations allocated to them and not to exceed the ceilings of their accounts, to reduce cases of spending outside the controls, in addition to doubling the efforts of monitoring and auditing regarding fixed and mobile accounts.
And she explained, "Work on completing the project comes within the government's efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to anti-corruption measures and limiting the capacity of the corrupt, as well as stopping waste of public money."
Minister Taif referred to "a package of measures and procedures that the Ministry is working on to control the movement of financial accounts to include various sectors and entities, and to determine the accuracy of the financial data, in addition to the trend towards updating financing accounts towards the investment account and the current operating account."
Parliamentarian expects to pass the oil and gas law before the local elections
A member of the Parliamentary Oil and Gas Committee, Zainab al-Moussawi, expected, on Tuesday, to vote on the draft oil and gas law before the provincial elections scheduled for December 18.
Al-Moussawi said, "Discussions and discussions are continuing about the oil and gas law, which will join the work of natural resources in Iraq, but we want to reach a formula for a law that serves the country and does not serve one party at the expense of another."
She added, "There are objections by the Kurdish blocs about some articles in the law, such as handing over oil production in the region to Baghdad and exporting it through SOMO, in addition to allocations for oil-producing provinces and other matters that will be resolved soon."
Al-Moussawi added, in an interview with "Euphrates News" agency, which was followed by "Al-Iqtisad News", that "a vote on the law is expected before the next local elections."
Parliament: Simplifying central procedures contributes to lowering the price of the dollar
The Parliamentary Finance Committee pointed out that a number of measures must be taken in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures, while the central bank prevents the collection of any additional commissions when selling cash dollars to a traveling citizen.
Committee member Moein Al-Kazemi said, in an interview with “Al-Sabah” followed by “Al-Iqtisad News”: The important factor for the decline in the dollar exchange rate is the simplification of the Central Bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the exchange rate to rise, as well as About simplifying procedures for granting sums to Iraqi travelers instead of the current method.
Al-Kazemi added that another problem must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them, given that there is a national interest for the Iraqi people with this import.
And on some technical matters, Al-Kazemi called for consideration of simplifying the issue of tax that can be deducted in the central bank instead of reviewing tax departments and entering into a complex routine, stressing that all these matters must be followed up by consulting the private sector, which is basically the root of the problem from in order to obtain positive results.
In a related development, the Central Bank prevented, yesterday, Tuesday, the collection of any additional commissions when selling cash dollars to a traveling citizen. According to a document issued by the bank, seen by Al-Iqtisad News, that based on the decision of the bank’s board of directors, it was decided that the sale of the cash dollar allocated for travel purposes to banks and exchange companies and to mediate the sale and purchase of foreign currencies will be at a price of (1305) dinars for each dollar purchased from this bank. Provided that the selling price of the dollar to the traveling citizen does not exceed (1320) dinars per dollar, adding that it is forbidden to collect any additional commissions when selling the cash dollar to the traveling citizen as long as the dollar is purchased from this bank and according to the relevant instructions and controls.
Iraqi Securities signs an agreement for financial investment and economic development in the Kurdistan Region
Iraqi Securities signs an agreement for financial investment and economic development in the Kurdistan Region
Today, Wednesday, the Securities Commission announced the signing of a cooperation agreement between it and the International Center for Finance and Trade, obligating the two parties to promote financial investment and develop economic activities in the Kurdistan Region of Iraq.
sequel..
A statement issued by the authority received by Shafaq News agency stated that Faisal Al-Haimus, Chairman of the Securities Authority, and Saad Abdul-Qahar Al-Sheikh, Director General of the International Center for Finance and Trade, signed today, Wednesday, in the city of Sulaymaniyah, the agreement, as this step comes as part of a strategy to achieve Sustainable development by enhancing the economic environment and expanding the investment base.
According to the statement, the agreement included many objectives, including strengthening the role of the Central Bank of Iraq in supporting the initiative related to the establishment of the International Center for Finance and Trade in Sulaymaniyah.
The statement added that the agreement seeks to encourage and enhance the culture of investing in securities, noting that the Commission and the Center are working, according to the agreement, to exchange expertise and knowledge in the legal, administrative and technical fields to enhance investment activity in securities in the Kurdistan Region, and to make joint efforts to attract investors and develop the economic climate.
The statement noted that within the framework of the agreement, the JSC will open an office in the International Center to enhance investor confidence in entering the stock market, while the Iraq Stock Exchange will be supported by opening a branch in the International Center, which contributes to expanding the scope of investment and increasing financial activities.
The commission concluded its statement, saying that this agreement "is considered a proactive step to keep pace with the global financial and commercial development, and reflects the commitment of the commission and the center to enhance cooperation, achieve sustainable development, and provide an appropriate environment for investment in Iraq."
With the document.. The Securities Commission signs a cooperation agreement with the International Center for Finance and Trade
press release
In a strategic step aimed at supporting the Iraqi economy and enhancing cooperation between the public and private sectors, a cooperation agreement was signed today between the Securities Commission and the International Center for Finance and Trade. As this agreement embodies the commitment of the two parties to the promotion of financial investment and the development of economic activities in the Kurdistan region
His Excellency Mr. Faisal Al-Haimus, Chairman of the Securities Commission, and Dr. Saad Abdul-Qahar Al-Sheikh, Director General of the International Center for Finance and Trade, signed the agreement today, Wednesday, in the city of Sulaymaniyah, as this step comes as part of a strategy to achieve sustainable development by strengthening the economic environment and expanding the investment base.
The agreement included many objectives, including strengthening the role of the Central Bank of Iraq in supporting the initiative related to the establishment of the International Center for Finance and Trade in Sulaymaniyah. The agreement also seeks to encourage and enhance the culture of investment in securities.
According to the agreement, the Commission and the Center are working on exchanging expertise and knowledge in the legal, administrative and technical fields to enhance investment activity in securities in the Kurdistan region and make joint efforts to attract investors and develop the economic climate.
Within the framework of the agreement, the Securities Commission will open an office in the International Center to enhance investor confidence in entering the stock market, while the Iraq Stock Exchange will be supported by opening a branch in the International Center, which contributes to expanding the scope of investment and increasing financial activities.
This agreement is a proactive step to keep pace with global financial and commercial development, and reflects the Authority's commitment
I want to cooperate, achieve sustainable development, and provide an environment conducive to investment in Iraq and the region
I like this translation
The Securities Commission and the International Center for Finance and Trade sign an agreement to promote financial investment
Today, Wednesday (August 23, 2023), the Securities Commission signed an agreement with the International Center for Finance and Trade, to promote financial investment and develop economic activities in Kurdistan.
The authority stated in a statement received by "Baghdad Today", that "in a strategic step aimed at supporting the Iraqi economy and enhancing cooperation between the public and private sectors, a cooperation agreement was signed today between the Securities Commission and the International Center for Finance and Trade," noting that "this agreement embodies the commitment of the two parties to strengthen Financial investment and development of economic activities in Kurdistan.
She explained that "the Chairman of the Authority, Faisal Al-Humais, and the Director General of the International Center for Finance and Trade, signed the agreement today in the city of Sulaymaniyah, as this step comes as part of a strategy to achieve sustainable development by strengthening the economic environment and expanding the investment base."
She explained that "the agreement included many goals, including strengthening the role of the Central Bank of Iraq in supporting the initiative related to the establishment of the International Center for Finance and Trade in Sulaymaniyah, and the agreement also seeks to encourage and promote a culture of investment in securities."
And she indicated that "the Commission and the Center intend, according to the agreement, to exchange experiences and knowledge in the legal, administrative and technical fields to enhance investment activity in securities in Kurdistan and to make joint efforts to attract investors and develop the economic climate."
She explained, "Within the framework of the agreement, the Securities Commission will open an office in the International Center to enhance investor confidence in entering securities, while the Iraq Stock Exchange will be supported by opening a branch in the International Center, which contributes to expanding the scope of investment and increasing financial activities."
She stressed that "this agreement is a proactive step to keep pace with the global financial and commercial development, and reflects the commitment of the commission and the center to enhance cooperation, achieve sustainable development, and provide an appropriate environment for investment in Iraq and the Kurdistan region."
Economist: It is not in Iraq's interest to join the BRICS alliance in light of Washington's control over Baghdad's economy
The economic expert, Mustafa Hantoush, attributed the impossibility of Iraq joining the economic bloc “BRICS” to the control of the United States of America over most of the joints of the Iraqi economy.
"The BRICS alliance was formed on the basis of common interests between 5 countries, namely China, Russia, Brazil, India and South Africa, after which several countries joined the alliance," Hantoush said in a press interview seen by Taqaddam.
And Hantoush added, “Iraq has previous experiences, which put it before several countries’ lack of interest in any international sanctions imposed on it before 2003. Iraqi oil is free. Those countries did not buy it or sustain it.”
He added, "The influence of the BRICS alliance countries in Iraq is almost non-existent, and whoever talks about the existence of an influence of Chinese trade on Iraq, as it was linked to the factors of the invasion of Iraq after 2003, so the rates of Beijing's exports to Baghdad increased, and its economic and political influence compared to the American side on Iraq, is almost be non-existent.”
Hantoush explained, "The most appropriate decision for Iraq is to move towards joining the Arab Gulf Coalition, which has become this economic bloc allied with the United States of America. That is the American control over most of the joints of the Iraqi economy, so these alliances (BRICS) are not important for Iraq, and they do not advance or delay anything, except to provoke Washington's anger against Baghdad.
| The Minister of Finance is discussing with the World Bank delegation supporting the financial and business sectors | |
The Minister of Finance is discussing with the World Bank delegation supporting the financial and business sectorsToday, Wednesday, Finance Minister Taif Sami and a World Bank delegation discussed development priorities, supporting the government program, and supporting the financial and business sectors. A statement by the Ministry of Finance, received by Al-Maaloumah, said, "The Minister of Finance, Taif Sami, received the World Bank's Vice President for the Middle East and North Africa, Farid Belhaj, the Regional Director for Levant Countries, Jean-Christophe Carré, and a number of specialized experts at the bank." The statement added, "During the meeting, they discussed priorities for development projects and ways to support the World Bank to enhance the financial and business sectors and improve the investment environment, as it was emphasized that the continuation of bilateral coordination to promote sustainable development, in addition to discussing the Bank's support for the government program to achieve economic reform in Iraq." Sami referred to "the ministry's efforts and plans to accelerate the pace of financial and banking reforms, in line with the Iraqi government's vision aimed at strengthening its pivotal role by consolidating the foundations of the national economy, creating economic balance and correcting the course of financial policy in Iraq." For his part, Belhaj showed "the World Bank's readiness to provide the necessary support from expertise to implement development projects and fundamental reforms led by the Iraqi government towards strengthening the structure of the Iraqi economy." | |
This is what they are saying on social media The World Bank announces its readiness to cooperate to implement all economic projects in Iraq
Iraq and the World Bank discuss development priorities and support the government program
he Minister of Finance and the World Bank delegation discuss development priorities and support for the government program . 
During the meeting, the priorities of development projects and ways to support the World Bank were discussed to enhance the financial and business sectors and improve the investment environment, where it was emphasized that the bilateral coordination will continue to promote sustainable development, in addition to discussing the bank’s support for the government program to achieve economic reform in Iraq. Minister Taif Sami referred to the ministry's efforts and plans towards accelerating the pace of financial and banking reforms in line with the vision of the Iraqi government aimed at strengthening its pivotal role by consolidating the foundations of the national economy, creating economic balance and correcting the course of financial policy in Iraq. For his part, Mr. Belhaj indicated the readiness of the World Bank to provide the necessary support from expertise to complete development projects, and the fundamental reforms led by the Iraqi government towards strengthening the structure of the Iraqi economy.
Ministry of Finance #Media _ Office August 23, 2023
and from Kurdish news
Iraqi Foreign Minister: I do not think that al-Sudani will meet with Biden
But he will head the delegation in New York.
Iraqi Foreign Minister Fuad Hussein said that Prime Minister Muhammad Shia al-Sudani will head the Iraqi delegation to the meetings of the United Nations General Assembly in New York, and that he will deliver a speech and meet with a large number of world leaders.
Fouad Hussein said, in an interview with the journalist Hisham Ali, that he does not believe that the Sudanese will meet US President Joseph Biden.
Tabaqchali: Banks To Fuel The Iraqi Market's Next Phase
Visa cooperates with the Central Bank of Iraq to raise awareness of the importance of digital payments
On Thursday, the leading company in the field of global digital payments, Visa announced its cooperation with the Central Bank of Iraq to raise awareness of the importance of digital payments, pointing out that the campaign has the support of Prime Minister Muhammad Shiaa al-Sudani.
A company statement, received by "Al-Iqtisad News", stated that "the world's leading company in the field of digital payments, Visa, launched, in partnership with the Central Bank of Iraq, an initiative to introduce merchants and consumers in Iraq to the benefits of digital payments, and to raise awareness about the safety and security of these transactions."
He added, "This initiative enjoys the support of the Iraqi Prime Minister, Muhammad Shia'a al-Sudani, and aims to encourage the Iraqi population to adopt the financial independence provided by the non-cash payment system."
The statement indicated that "the campaign seeks, in partnership with the Central Bank of Iraq, to build a secure digital payment system for merchants and consumers by limiting the use of paper money, promoting non-cash payments and contactless payment solutions, and empowering people through financial inclusion."
Commenting on the matter, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, said: “We at the Central Bank of Iraq are pleased to cooperate with Visa in the framework of this awareness campaign for merchants and consumers. We have always been keen to support financial inclusion initiatives in various parts of the country, in addition to regulatory frameworks and related supervision processes.Iraq remains a major supporter of digital financial services in line with the strategic plan of the Central Bank of Iraq.
He added, “In its first phase, the campaign will focus on educating the growing community of Visa merchants and customers. Throughout history, merchants have shown clear caution in using direct point of sale devices, and this explains the high reliance on cash payment solutions. However, there is an increasing demand for payments In Iraq, it is expected to grow by 14.23% between 2023 and 2027. This initiative will increase financial literacy and enhance financial inclusion, especially since about 80% of the Iraqi population still do not have bank accounts, or do not have access to digital payment solutions. ".
"The campaign will introduce merchants and customers to the process of issuing cards, including obtaining and activating Visa cards, and using them for daily transactions, while applying realistic use cases such as online shopping payments, supermarkets and fast food restaurants. Visa's efforts also include hosting training workshops and developing Easy-to-use toolkits for merchants and consumers to accelerate acceptance and use of digital payments.
In this regard, Mario Makari, General Manager of Visa for the Arab Levant region, said in the same statement: “There are wonderful advantages to the cashless economy. We at Visa are striving to provide these benefits to the Iraqi population, of whom 80% still do not have bank accounts and do not have sufficient access to The digital payment services they need. Our new campaign, which has the support of the Prime Minister and the Central Bank of Iraq, is in line with the goals of Iraq Vision 2030 to promote financial inclusion and build a diversified economy."
He added, "The world's economies are witnessing a rapid development in conjunction with the increasing use of digital technology in all fields of life. Based on our deep belief in the importance of education and education for development and moving forward, we urge all our merchants and consumers to help build this cashless system in Iraq, and enjoy all its economic benefits." Visa has been collaborating for years with the Central Bank of Iraq and key players in the sector to advance financial literacy by providing tools that facilitate digital commerce.
He pointed out that "the Iraqi government has recently been seeking digital transformation in the country to achieve diversified economic growth in response to Iraq's vision for the year 2030. And last January of 2023, the Prime Minister's Office issued a mandate to use points of sale in all governmental and non-governmental institutions, which enhances Visa's efforts in Iraq".
The statement concluded, "Visa always strives to stay at the forefront of innovation in its endeavors to create the largest open and dynamic global network of technology, partnerships and people. By establishing many initiatives and partnerships from Iraq, Visa has achieved a pioneering achievement represented in launching the first digital payment card and multiple cards." From this ancient country, Visa has succeeded in achieving advanced, secure and world-class capabilities, including providing customers with a rich and rewarding experience.”
Citizens complain about "impossible conditions" set by banks to obtain dollars
Obtaining the dollar at the official rate has become a haunting issue for citizens, despite the availability of the required conditions.
Duraid Salman, who underwent a liver transplant for his daughter in India, said, "For the second time, he had a medical trip to complete the recovery of his daughter and his donor wife. He went to a Rafidain bank to obtain dollars at the official price for the purpose of paying the costs of treatment to the hospital instead of buying dollars from the parallel market at high prices." .
e continued, "During his submission of the required documents for him, including an official visa, a travel ticket, and all the required conditions, he was surprised that he was not included in the dollar, justifying that he does not have a residence permit, and it was not mentioned in the ticket at the time of return."
He pointed out that "residency cannot be granted for such cases, but the patient is granted a visa for a period of 6 months, and the date of return is not determined by the patient, but rather by the hospital upon completion of treatment."
He asked about "the reasons for the complexity and routine in obtaining the dollar for the real person who needs the dollar in such humanitarian matters," noting that "the bank's auditors suffer from excessive crowding and staying under the hot sun to obtain 3 thousand dollars for the traveler."
He called on "officials to put an end to the suffering of citizens, especially for those who have a patient because he needs treatment and to provide medicine," noting that "these complications and routine push us to obtain dollars from the parallel market."
After "breaking the local collar"... What is the new economic vision for Iraq?
Today, Thursday (August 31, 2023), economic expert Mahdi Dawai considered Iraq to have succeeded in creating an economic partnership with its regional surroundings, as well as creating "spatial development" that will end many problems.
Dawai said in an interview with "Baghdad Today", that "the government of Muhammad Shiaa al-Sudani succeeded in creating an economic vision through openness to its regional surroundings, and it was embodied in multiple steps, the most prominent of which is the development path that has three economic, social and tourism dimensions, starting from the port of Faw to Turkey, and the planned To open up towards other neighboring countries," considering that "breaking the local cordon towards the regional and global in a country in dire need for the entry of foreign investment and the creation of spatial development that will end many problems."
He added, "The rapprochement with the Gulf countries is another important step that has economic dimensions, accompanied by balance and careful dealing with the eastern and western camps, with the adoption of a financial and monetary policy aimed at stability despite the crises," stressing that "the rise in oil prices gave high flexibility to the Iraqi economy, and the possibility of providing financial resources." To finance investments to enhance the capabilities of the infrastructure, which is the most important in any future investment axes.
He pointed out that "Iraq, with its qualifications, economic wealth and important geographical location, is able to form a compass in the world of economy and international trade within years, if there is the ability, management and planning to proceed with all strategic projects that are a building block in the world of the country's largest economic change."
Since assuming the position in October 2022, Prime Minister Muhammad Shia al-Sudani has sought with great enthusiasm to complete the previous steps to complete economic deals, whether with Egypt, Jordan and Saudi Arabia, in addition to the path of development with Turkey.
However, security and political challenges may hinder the possibility of the Sudanese taking any steps beyond signing formal agreements, as it used to happen every time an Iraqi prime minister signed such agreements, according to observers.
The US embassy reveals to "Baghdad Today" Washington's position on Al-Sudani and what it plans to do
The US embassy in Iraq revealed the position of Washington's leaders on the Prime Minister, Muhammad Shia'a al-Sudani," indicating, "The US administration is happy about the level of cooperation with the Sudanese Prime Minister and his government."
The official spokesman for the US Embassy in Baghdad, Daniel Korchak, told "Baghdad Today," "We are working together effectively in order to expand the strategic partnership between Iraq and the United States to reach its fullest potential as set out in the Strategic Framework Agreement in 2008 in the areas of cooperation in a wide range of fields." interests that are essential to the future of Iraqi citizens."
"We agree on the need to achieve energy independence in Iraq, support the development of the private sector, advance the reality of public services, strengthen Iraq's sovereignty, and ensure the permanent defeat of ISIS," he added.
Korchak pointed out, "Expanding relations between our peoples, combating corruption, and addressing the climate crisis in Iraq is also a top priority, and one of the ways we work together to support our common priorities is through many high-level bilateral interactions."
He explained, "We recently held a joint security cooperation dialogue between Iraq and the United States in Washington, DC, for the period from 7 to 8 August of this year 2023, where Iraq and the United States reaffirmed our commitment to security cooperation and the common interest in regional stability, including the permanent defeat of ISIS."
He pointed out that "during last February, an Iraqi delegation headed by Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein met with US Secretary of State Anthony Blinken in Washington in the first higher coordination committee between Iraq and the United States focusing on the economy, as the meeting stressed the breadth and deepening of US support for Iraq as a A strategic partner, as well as emphasizing the direction of progress towards achieving our common goals of enhancing Iraq's stability, security and sovereignty.
During the month of June, a US embassy spokesman said that "a delegation from the US-Iraqi Business Council ( USIBC) comprising (72) people representing (47) companies met with Iraqi government officials and Iraqi businessmen in Baghdad, and the delegation included companies operating in the fields of Of great importance to the Iraqis, such as electricity, health care, education, reconstruction, finance and agriculture, and then the American-Iraqi Business Council headed a trade delegation for the agricultural file to the Kurdistan region of Iraq.
Korchak said, "The continued economic growth in Iraq is okay, as American companies play an important role."
"In this regard, Iraqi Airways has received this year six Boeing aircraft (model: 737 Max) and the first Boeing aircraft (model: 787 Dreamliner) in Iraq," he added.
And he confirms, "The increasing number of Iraqi investors to open branches of well-known American companies in Iraq, such as (Ashley Furniture ) , (Skechers ) , ( Pinkberry), ( Cold Stone Creamery) and (Burger King ). (Burger King) , ( Hardee's) , (Cinnabon ) , (KFC ) , and ( Pizza Hut), and given the positive response we are witnessing in these and other establishments, we are excited to work to attract more American companies. to do business in Iraq.”
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