UK Firms introduce new Banking Systems at National Bank of Iraq
link you can look each one of these up and see what they do too
The National Bank of Iraq (NBI) has announced the introduction of three new banking systems.
According to Izzidin Abusalameh, Group Chief Operating Officer of Capital Bank of Jordan (majority shareholder of NBI), trade finance operations will be enhanced with the help of software from UK-based Finastra.
Additionally, both NBI and Capital Bank of Jordan have successfully implemented Transact, a core banking solution from British company Temenos.
Temenos' Payment Hub will also replace the legacy systems at NBI.
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Strengthening monetary sovereignty in Iraq... chaos in currency markets and accusations of manipulation
Local markets in Iraq are witnessing a state of turmoil as a result of measures to strengthen monetary sovereignty, as dealing in the dollar is abandoned and the Iraqi dinar is adopted in daily financial transactions, as a large difference appears between the official and parallel prices, which raises tension in the markets.
In this context, a member of the Parliamentary Economics Committee in Iraq, Soran Omar, accused influential parties of being behind the manipulation of the exchange rate.
He pointed out that the government was unable to radically control the exchange rate, and that the measures taken to reduce it are still having limited impact.
He added that the ongoing smuggling and money laundering through some banks and money changers is working to complicate the situation, noting the continuation of the Central Bank’s measures in this context.
He pointed out that the government was unable to radically control the exchange rate, and that the measures taken to reduce it are still having limited impact.
He added that the ongoing smuggling and money laundering through some banks and money changers is working to complicate the situation, noting the continuation of the Central Bank’s measures in this context.
The rise in dollar prices in Iraq raises concerns among citizens
Dollar prices rose today, Wednesday, in the markets of Baghdad and the city of Erbil, the capital of the Kurdistan Region.
The price of the dollar on the Al-Kifah Stock Exchange recorded 153,900 Iraqi dinars compared to 100 dollars, while the same price was recorded on the Al-Harithiya Stock Exchange.
In banking shops in local markets in Baghdad, the selling price reached 154,750 Iraqi dinars, while the purchasing price reached 152,750 dinars per 100 dollars.
As for the city of Erbil, the price of the dollar in banking shops recorded 153,900 dinars against the dollar, and the purchase price was 153,800 dinars against 100 dollars.
This rise in dollar prices comes after their decline in recent days, as the price of the dollar on the Al-Kifah Stock Exchange recorded 153,500 Iraqi dinars against 100 dollars yesterday, Tuesday.
Analysts believe that the rise in dollar prices is due to several factors, including:
- Escalating political tensions in the region, affecting global financial markets.
- The Russian-Ukrainian war continues, as this leads to a rise in oil and gas prices, which enhances the strength of the US dollar.
- Expectations of rising inflation rates in the United States of America, prompting investors to buy the dollar as a safe asset.
It is expected that the dollar price will continue to rise in the coming period, in light of the continuing factors that lead to this.
The impact of rising dollar prices on the Iraqi economy
The rise in dollar prices negatively affects the Iraqi economy, as it causes an increase in the costs of Iraq's imports of goods and services.
This leads to an increase in the prices of local goods and services, affecting the purchasing power of citizens.
The rise in dollar prices also causes a decline in the value of the Iraqi dinar against foreign currencies, affecting Iraq's foreign exchange reserves.
The Iraqi government seeks to take measures to mitigate the impact of the rise in dollar prices on the Iraqi economy, including:
- Increase local production of goods and services, to reduce dependence on imports.
- Support industrial production, to reduce imports of manufactured goods.
- Rationalizing government spending, to reduce dependence on oil revenues.
However, these measures are unlikely to be sufficient to significantly mitigate the impact of rising dollar prices on the Iraqi economy.
Dollar prices rose today, Wednesday, in the markets of Baghdad and the city of Erbil, the capital of the Kurdistan Region.
The price of the dollar on the Al-Kifah Stock Exchange recorded 153,900 Iraqi dinars compared to 100 dollars, while the same price was recorded on the Al-Harithiya Stock Exchange.
In banking shops in local markets in Baghdad, the selling price reached 154,750 Iraqi dinars, while the purchasing price reached 152,750 dinars per 100 dollars.
As for the city of Erbil, the price of the dollar in banking shops recorded 153,900 dinars against the dollar, and the purchase price was 153,800 dinars against 100 dollars.
This rise in dollar prices comes after their decline in recent days, as the price of the dollar on the Al-Kifah Stock Exchange recorded 153,500 Iraqi dinars against 100 dollars yesterday, Tuesday.
Analysts believe that the rise in dollar prices is due to several factors, including:
- Escalating political tensions in the region, affecting global financial markets.
- The Russian-Ukrainian war continues, as this leads to a rise in oil and gas prices, which enhances the strength of the US dollar.
- Expectations of rising inflation rates in the United States of America, prompting investors to buy the dollar as a safe asset.
It is expected that the dollar price will continue to rise in the coming period, in light of the continuing factors that lead to this.
The impact of rising dollar prices on the Iraqi economy
The rise in dollar prices negatively affects the Iraqi economy, as it causes an increase in the costs of Iraq's imports of goods and services.
This leads to an increase in the prices of local goods and services, affecting the purchasing power of citizens.
The rise in dollar prices also causes a decline in the value of the Iraqi dinar against foreign currencies, affecting Iraq's foreign exchange reserves.
The Iraqi government seeks to take measures to mitigate the impact of the rise in dollar prices on the Iraqi economy, including:
- Increase local production of goods and services, to reduce dependence on imports.
- Support industrial production, to reduce imports of manufactured goods.
- Rationalizing government spending, to reduce dependence on oil revenues.
However, these measures are unlikely to be sufficient to significantly mitigate the impact of rising dollar prices on the Iraqi economy.
Iraqi Investment Fund is Top Performer
From Asia Frontier Capital:
Asia Frontier Capital Limited Announces that its AFC Iraq Fund is the Best-Performing Long-only Unleveraged Actively Managed Generalist Equity Fund in the World in 2023
Asia Frontier Capital Limited is pleased to announce that its AFC Iraq Fund - according to our research - is the best-performing, long-only, unleveraged, actively managed, generalist equity fund in the world, with a superb net performance in 2023 of +110.37%, outperforming all other long-only, unleveraged, actively managed, generalist equity funds in the world.
The AFC Iraq Fund was launched on 26th June 2015 with the goal of achieving long-term capital appreciation by investing in a diversified portfolio of listed Iraqi equities as well as foreign-listed companies that derive the majority of their business from Iraq.
Ahmed Tabaqchali, the chief strategist of the fund attributes the stellar returns of the year to the fund's investment strategy that focused on long-term drivers of the transformation of the Iraqi economy following decades of conflict.
Two of these drivers began to bear fruit in 2023:
- The first of which was the significant fundamental development brought about by the Central Bank of Iraq's new procedural requirements for its provisioning of U.S. dollars for cross-border transfers in mid-November 2022. A development that is accelerating the adoption of banking and bringing about a transformation of the sector and its role in the economy, and, in the process, boosting the fund's long-term strategy for the sector. The thrust of which, is that increased adoption of banking would come with growth in bank lending, resulting in an expansion in the money circulating in the economy and, consequently, an increase in non-oil GDP.
- The second driver was the cumulative positive effects of the relative stability that the country has enjoyed over the past few years, creating a more stable and predictable macroeconomic framework for businesses and individuals to operate in and plan for capital investments on a scale not seen in the preceding decades of conflict. He anticipates these encouraging trends to persist throughout 2024 and in the subsequent years, fostering a positive outlook for the Iraqi economy.
Thomas Hugger, the Fund Manager of the fund, and CEO of Asia Frontier Capital Limited said that the performance achieved in the AFC Iraq Fund only goes to show the outsized returns that Asian frontier markets can generate and that Asian frontier markets, which is what Asia Frontier Capital Limited focuses on, are an outstanding diversification tool for any sophisticated long-term investor seeking excellent returns in less correlated markets.
About AFC Iraq Fund:
The AFC Iraq Fund is a Cayman Islands domiciled actively managed equity fund that invests in listed equities trading primarily on the Iraq Stock Exchange, and also on other exchanges, where the companies have the majority of their business in Iraq and Kurdistan. The fund is not an ETF and is not traded on an exchange. The fund does not seek to replicate the performance of any index.
About Asia Frontier Capital Limited:
Asia Frontier Capital Limited is the Cayman Islands based parent company of the investment manager of the "AFC Iraq Fund", one of the world's few investment funds focusing solely on Iraq as one of the growing Frontier economies in Asia. Its wholly owned subsidiary, "Asia Frontier Investments Limited, Hong Kong", is the fund manager of the AFC Iraq Fund and is licensed by the Hong Kong Securities and Futures Commission "SFC" for Type 4 (Advising on Securities) and for Type 9 (Asset Management). Besides the AFC Iraq Fund, the group also manages the AFC Asia Frontier Fund, the AFC Uzbekistan Fund, and the AFC Vietnam Fund.
From Asia Frontier Capital:
Asia Frontier Capital Limited Announces that its AFC Iraq Fund is the Best-Performing Long-only Unleveraged Actively Managed Generalist Equity Fund in the World in 2023
Asia Frontier Capital Limited is pleased to announce that its AFC Iraq Fund - according to our research - is the best-performing, long-only, unleveraged, actively managed, generalist equity fund in the world, with a superb net performance in 2023 of +110.37%, outperforming all other long-only, unleveraged, actively managed, generalist equity funds in the world.
The AFC Iraq Fund was launched on 26th June 2015 with the goal of achieving long-term capital appreciation by investing in a diversified portfolio of listed Iraqi equities as well as foreign-listed companies that derive the majority of their business from Iraq.
Ahmed Tabaqchali, the chief strategist of the fund attributes the stellar returns of the year to the fund's investment strategy that focused on long-term drivers of the transformation of the Iraqi economy following decades of conflict.
Two of these drivers began to bear fruit in 2023:
- The first of which was the significant fundamental development brought about by the Central Bank of Iraq's new procedural requirements for its provisioning of U.S. dollars for cross-border transfers in mid-November 2022. A development that is accelerating the adoption of banking and bringing about a transformation of the sector and its role in the economy, and, in the process, boosting the fund's long-term strategy for the sector. The thrust of which, is that increased adoption of banking would come with growth in bank lending, resulting in an expansion in the money circulating in the economy and, consequently, an increase in non-oil GDP.
- The second driver was the cumulative positive effects of the relative stability that the country has enjoyed over the past few years, creating a more stable and predictable macroeconomic framework for businesses and individuals to operate in and plan for capital investments on a scale not seen in the preceding decades of conflict. He anticipates these encouraging trends to persist throughout 2024 and in the subsequent years, fostering a positive outlook for the Iraqi economy.
Thomas Hugger, the Fund Manager of the fund, and CEO of Asia Frontier Capital Limited said that the performance achieved in the AFC Iraq Fund only goes to show the outsized returns that Asian frontier markets can generate and that Asian frontier markets, which is what Asia Frontier Capital Limited focuses on, are an outstanding diversification tool for any sophisticated long-term investor seeking excellent returns in less correlated markets.
About AFC Iraq Fund:
The AFC Iraq Fund is a Cayman Islands domiciled actively managed equity fund that invests in listed equities trading primarily on the Iraq Stock Exchange, and also on other exchanges, where the companies have the majority of their business in Iraq and Kurdistan. The fund is not an ETF and is not traded on an exchange. The fund does not seek to replicate the performance of any index.
About Asia Frontier Capital Limited:
Asia Frontier Capital Limited is the Cayman Islands based parent company of the investment manager of the "AFC Iraq Fund", one of the world's few investment funds focusing solely on Iraq as one of the growing Frontier economies in Asia. Its wholly owned subsidiary, "Asia Frontier Investments Limited, Hong Kong", is the fund manager of the AFC Iraq Fund and is licensed by the Hong Kong Securities and Futures Commission "SFC" for Type 4 (Advising on Securities) and for Type 9 (Asset Management). Besides the AFC Iraq Fund, the group also manages the AFC Asia Frontier Fund, the AFC Uzbekistan Fund, and the AFC Vietnam Fund.
High exchange rates "dominate" the closing of markets
Most of Iraq's stock exchanges for parallel markets were closed today, Thursday (January 11, 2024), as the dollar exchange rates rose by 21.4 points from the official price.
The "Baghdad Today" correspondent said that most of the governorate's stock exchanges closed with a noticeable increase in dollar exchange rates, as the capital, Baghdad, and its two stock exchanges, Al-Harithiya and Al-Kifah, recorded the sale of 100 dollars for 153,400 dinars.
While Basra Governorate recorded the sale of 100 dollars for 153,750 dinars, and the Najaf Governorate recorded the sale of 100 dollars for 153,500 dinars.
As for the northern governorates, sales of $100 were recorded in: Erbil 152,950, Sulaymaniyah 153,000, Mosul 153,200, Kirkuk 153,000.
Most of Iraq's stock exchanges for parallel markets were closed today, Thursday (January 11, 2024), as the dollar exchange rates rose by 21.4 points from the official price.
The "Baghdad Today" correspondent said that most of the governorate's stock exchanges closed with a noticeable increase in dollar exchange rates, as the capital, Baghdad, and its two stock exchanges, Al-Harithiya and Al-Kifah, recorded the sale of 100 dollars for 153,400 dinars.
While Basra Governorate recorded the sale of 100 dollars for 153,750 dinars, and the Najaf Governorate recorded the sale of 100 dollars for 153,500 dinars.
As for the northern governorates, sales of $100 were recorded in: Erbil 152,950, Sulaymaniyah 153,000, Mosul 153,200, Kirkuk 153,000.
Citizen Education
Citizen Education
With a repayment period of up to 30 years.. The Sudanese advisor explains the types of loans granted to citizens and companies
Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the types of loans granted to citizens and companies, while explaining the repayment mechanism for each loan.
Saleh said, in a press statement to the official agency, followed by NRT Arabia, that “a loan is an amount of money borrowed by an individual or company from banks or financial institutions, in order to financially manage planned events, and thus the borrower bears a debt and must repay it with interest within a period of time.” certain".
He pointed out, "Banking applications appear within the scope of granting loans. The subject of the so-called (term loan) is a cash loan that is usually repaid in regular payments over a specific period of time. Loans usually last between one and ten years, but they may continue for a period of time." Up to 30 years in some countries.
He added, “The term loan usually includes an unstable interest rate (also known as floating), which may add an additional balance to be repaid,” noting that “economic life includes financial deficit units willing to invest that borrow from surplus units, which are the depositors.” In exchange for interest paid by the borrower to finance an investment project or a specific economic activity in the fields of housing, industry, trade, agriculture, or services, this is what is called bank credit, which is the essence of the banking process.
Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the types of loans granted to citizens and companies, while explaining the repayment mechanism for each loan.
Rafidain Bank announces privileges for electronic payment instead of cash
Al-Rafidain Bank announced privileges for electronic payment and the use of points of sale in financial transactions instead of cash.
The bank said in a statement that one of the advantages of electronic payment is the saving of time and effort in carrying out financial transactions, and the security of transactions, as the electronic payment device provides security and trust by encrypting financial transactions and protecting customers from fraud and unauthorized use, and the device also provides speed and ease in payment operations.
Al-Rafidain Bank announced privileges for electronic payment and the use of points of sale in financial transactions instead of cash.
The bank said in a statement that one of the advantages of electronic payment is the saving of time and effort in carrying out financial transactions, and the security of transactions, as the electronic payment device provides security and trust by encrypting financial transactions and protecting customers from fraud and unauthorized use, and the device also provides speed and ease in payment operations.
Document: The Central Bank issues guidance regarding financial movements via civil electronic payment cards
Debit Cards
good greeting ....
Subsequently, in our letter No. 14/3018 dated 12/11/2073, and based on the role of this bank in organizing electronic payment services, and in implementation of digital transformation strategies and directions to adopt electronic payment systems and tools in implementing financial transactions in state institutions, and to ensure smooth and effective payment processes that suit various... Services that guarantee citizens of all segments the payment of their government financial obligations without restrictions.
This bank confirms that it does not restrict or set ceilings on the value of electronic financial transactions paid to government institutions through electronic debit cards (Debit Cards) linked to the bank accounts opened with you, to ensure facilitation of related financial operations.
By collecting government dues and simplifying its procedures, and contributing to raising the efficiency and quality of banking services provided to citizens. with respect.
Mr. Dr. Ammar Hamad Khalaf 今
{Diminishing interest}.. A government trend to increase development rates
Economic affairs specialists welcomed the government trend that will oblige banks to set decreasing interest rates on loans, stressing that this could achieve a number of important economic factors, including increasing development rates and raising the purchasing power of the beneficiaries of these loans, especially employees, retirees, and those covered by the Social Protection Law.
According to specialists, the high interest rates on loans imposed by banks according to the increasing interest method have burdened the beneficiaries of those loans, especially those with limited income, who are forced to pay half the value of the loan sometimes in the form of interest, which led to limiting their purchasing capabilities, and thus this contributed The banking method significantly increases poverty rates, according to specialists, who also called for the need for the central bank to intervene decisively in determining the interest rates charged on loans.
The welcoming economic stances came after the government decision to limit the “depletion” of the financial capabilities of loan beneficiaries, as the Prime Minister, Muhammad Shiaa Al-Sudani, instructed to reconsider the calculation of the interest paid on loans granted to citizens.
Prime Minister Muhammad Shiaa Al-Sudani directed the Ministry of Finance, the Central Bank, and government and private banks to reconsider calculating the interest paid on loans granted to citizens, using the simple decreasing interest method instead of the cumulative method, which burdens the borrower with burdens on them.
This decision, according to the economic expert, Dr. Ali Daadoush, during his speech to Al-Sabah, could enhance the financial solvency of three of the most important segments of society, namely the segment of employees, retirees, and those covered by the Social Protection Law, stressing that this approach is sufficient to achieve a package of important economic achievements, which stands in Its introduction is to give a great advantage to those with fixed income, as the decision, once activated, will reduce the interest paid to become gradually lower until the loan is paid in full.
The expert, Daadoush, gave an example of how to apply decreasing interest if it was actually implemented by banks. He pointed out that, for example, if the loan amount is 10 million dinars, with an interest rate of 10%, and the repayment years are 5 years, then 200 thousand dinars are deducted per month. But next year the interest will be paid on the amount of 8 million and so on, indicating at the same time that this approach is consistent with the government program in one way or another as it is concerned with serving a large segment of employees and retirees who have been burdened by the cumulative interest.
Despite the positives listed by expert Daoudesh, researcher and member of the Iraqi Economists Association, Muqdam Al-Shaibani, believes that the decision has other advantages related to increasing rates of sustainable development in Iraq.
Al-Shaibani told “Al-Sabah” that “the government’s direction to reconsider calculating the interest on loans granted to citizens and using the simple decreasing interest method will achieve a noticeable and rapid increase in the development process, which will reflect positively on the economic reality of the country through employing the workforce, reviving the markets, and operating many means.” Transportation that will contribute to supporting construction, trade and other development areas.
Researcher Al-Shaibani also believes that the rest of the loans should be included in the government decision, as industrial and agricultural diminishing loans can play a vital role in accelerating and increasing rates of economic development, and that financing projects with their various uses is sufficient to eliminate unemployment and improve the level of per capita income from the gross domestic product to achieve well-being for citizens. .
Specialists had previously welcomed, during their talks with “Al-Sabah”, the directions of the monetary authority in the country, which aim to increase rates of sustainable development, stressing that the launch of the Central Bank of the National Lending Strategy could achieve a package of important economic steps, the forefront of which is the elimination of... Unemployment, poverty, and moving the wheel of private sector work.
The initiative announced earlier by the Governor of the Central Bank, Ali Al-Alaq, according to the opinions of specialists, constituted a starting point towards nourishing economic stability and contributing to growth, prosperity and creating job opportunities, especially since this strategy is directed to supporting small and medium enterprises, which can absorb thousands of workers. .
Al-Alaq announced a plan to build a national lending strategy that will come into effect at the beginning of this year, 2024, stressing that Riyada Bank will be a base for launching and financing small and medium enterprises, and that its total initiatives have reached more than 12 billion dollars.
Debit Cards
good greeting ....
Subsequently, in our letter No. 14/3018 dated 12/11/2073, and based on the role of this bank in organizing electronic payment services, and in implementation of digital transformation strategies and directions to adopt electronic payment systems and tools in implementing financial transactions in state institutions, and to ensure smooth and effective payment processes that suit various... Services that guarantee citizens of all segments the payment of their government financial obligations without restrictions.
This bank confirms that it does not restrict or set ceilings on the value of electronic financial transactions paid to government institutions through electronic debit cards (Debit Cards) linked to the bank accounts opened with you, to ensure facilitation of related financial operations.
By collecting government dues and simplifying its procedures, and contributing to raising the efficiency and quality of banking services provided to citizens. with respect.
Mr. Dr. Ammar Hamad Khalaf 今
{Diminishing interest}.. A government trend to increase development rates
Economic affairs specialists welcomed the government trend that will oblige banks to set decreasing interest rates on loans, stressing that this could achieve a number of important economic factors, including increasing development rates and raising the purchasing power of the beneficiaries of these loans, especially employees, retirees, and those covered by the Social Protection Law.
According to specialists, the high interest rates on loans imposed by banks according to the increasing interest method have burdened the beneficiaries of those loans, especially those with limited income, who are forced to pay half the value of the loan sometimes in the form of interest, which led to limiting their purchasing capabilities, and thus this contributed The banking method significantly increases poverty rates, according to specialists, who also called for the need for the central bank to intervene decisively in determining the interest rates charged on loans.
The welcoming economic stances came after the government decision to limit the “depletion” of the financial capabilities of loan beneficiaries, as the Prime Minister, Muhammad Shiaa Al-Sudani, instructed to reconsider the calculation of the interest paid on loans granted to citizens.
Prime Minister Muhammad Shiaa Al-Sudani directed the Ministry of Finance, the Central Bank, and government and private banks to reconsider calculating the interest paid on loans granted to citizens, using the simple decreasing interest method instead of the cumulative method, which burdens the borrower with burdens on them.
This decision, according to the economic expert, Dr. Ali Daadoush, during his speech to Al-Sabah, could enhance the financial solvency of three of the most important segments of society, namely the segment of employees, retirees, and those covered by the Social Protection Law, stressing that this approach is sufficient to achieve a package of important economic achievements, which stands in Its introduction is to give a great advantage to those with fixed income, as the decision, once activated, will reduce the interest paid to become gradually lower until the loan is paid in full.
The expert, Daadoush, gave an example of how to apply decreasing interest if it was actually implemented by banks. He pointed out that, for example, if the loan amount is 10 million dinars, with an interest rate of 10%, and the repayment years are 5 years, then 200 thousand dinars are deducted per month. But next year the interest will be paid on the amount of 8 million and so on, indicating at the same time that this approach is consistent with the government program in one way or another as it is concerned with serving a large segment of employees and retirees who have been burdened by the cumulative interest.
Despite the positives listed by expert Daoudesh, researcher and member of the Iraqi Economists Association, Muqdam Al-Shaibani, believes that the decision has other advantages related to increasing rates of sustainable development in Iraq.
Al-Shaibani told “Al-Sabah” that “the government’s direction to reconsider calculating the interest on loans granted to citizens and using the simple decreasing interest method will achieve a noticeable and rapid increase in the development process, which will reflect positively on the economic reality of the country through employing the workforce, reviving the markets, and operating many means.” Transportation that will contribute to supporting construction, trade and other development areas.
Researcher Al-Shaibani also believes that the rest of the loans should be included in the government decision, as industrial and agricultural diminishing loans can play a vital role in accelerating and increasing rates of economic development, and that financing projects with their various uses is sufficient to eliminate unemployment and improve the level of per capita income from the gross domestic product to achieve well-being for citizens. .
Specialists had previously welcomed, during their talks with “Al-Sabah”, the directions of the monetary authority in the country, which aim to increase rates of sustainable development, stressing that the launch of the Central Bank of the National Lending Strategy could achieve a package of important economic steps, the forefront of which is the elimination of... Unemployment, poverty, and moving the wheel of private sector work.
The initiative announced earlier by the Governor of the Central Bank, Ali Al-Alaq, according to the opinions of specialists, constituted a starting point towards nourishing economic stability and contributing to growth, prosperity and creating job opportunities, especially since this strategy is directed to supporting small and medium enterprises, which can absorb thousands of workers. .
Al-Alaq announced a plan to build a national lending strategy that will come into effect at the beginning of this year, 2024, stressing that Riyada Bank will be a base for launching and financing small and medium enterprises, and that its total initiatives have reached more than 12 billion dollars.
Al-Sudani directs that every Iraqi student be given an electronic debit card
The Government Media Cell announced that bank accounts will grow by 14% over the year 2022, while confirming the government’s intention to issue electronic cards “Visa Card” to all school and university students and link them to the father’s account, noting that the Ministry of Oil is at the forefront of the government agencies that have begun Applying electronic payment through gas stations.
The cell’s spokesman, Haider Majeed, said in a press interview, “The government has included electronic payment in its files, and the Council of Ministers has issued many points related to that, and they oblige all government institutions to use it, and there are parties that have begun.” Pointing out, “The Ministry of Oil was the first entity to start electronic payment through 10 gas stations last year, and this continued successively, and a number of ministries such as the Interior, the Directorate of General Citizenship, the National Card, the Passports Affairs, and others.”
He added, "There is a plan to expand and include all official institutions in the next stage, and to oblige the private sector." He added, “Today in Basra, Dhi Qar, and Maysan, I saw a number of stores and restaurants installing electronic payment devices, at a rate of 1-2%.”
He continued, "There will be parties affected by the process of switching to electronic payment, starting with Al-Bozrji, with all due respect to them, and the issue of corrupt people in official institutions who may refrain from activating this process. There is a complaints section and we must not remain silent about the issue." Noting that, “As for the economic offices whose interests will be harmed if electronic payment is achieved, no one is above the law, and the Prime Minister said this previously.”
He pointed out, "In the first step, we are talking about filling fuel, supermarkets, pharmacies, restaurants, health centers, and universities. As for the big steps, they require government effort and solidarity in this direction."
He added, "Within 3-4 months, bank accounts grew by 14%, meaning more than 10.2 million bank accounts, compared to 8 million accounts at the end of 2022." He stressed, "The Ministry of Oil has put in its plan to distribute free electronic cards for government cars to all institutions, especially for filling fuel."
He continued, "Al-Sudani approved the proposal to grant students from primary school to university special electronic cards that will be specified in amounts disbursed daily according to age group, and that will be linked to the father's account, and will be colored according to gender." Pointing out, “All of this is for the success of this experiment and the comprehensive digital transformation, and our situation will be like the rest of the countries of the world, but today we are at the first step and we continue to rise.”
It is linked to the father’s account.. Government approval to grant a “Visa Card” to school students
The Government Media Cell announced that bank accounts will grow by 14% in 2022, while confirming the government’s intention to issue “Visa Card” electronic cards to all school and university students and link them to the father’s account. The cell’s spokesman, Haider Majeed, said in a press interview followed by Al-Iqtisad News, “The government has included electronic payment in its files, and the Council of Ministers has issued many points related to that and obligates all government institutions to use it, and there are parties that have begun.” Pointing out, “The Ministry of Oil was the first entity to start electronic payment through 10 gas stations last year, and this continued successively, along with a number of ministries such as the Interior, the Directorate of General Citizenship, the National Card, the Passports Affairs, and others.” He added, "There is a plan to expand and include all official institutions in the next stage, and to oblige the private sector." He added, "Today in Basra, Dhi Qar, and Maysan, I saw a number of stores and restaurants installing electronic payment devices, at a rate of 1-2%." He continued, "There will be parties affected by the process of switching to electronic payment, starting with Al-Bozrji, with all due respect to them, and the issue of corrupt people in official institutions who may refrain from activating this process. There is a complaints section, and we must not remain silent about the issue." Noting that, “As for the economic offices whose interests will be harmed if electronic payment is achieved, no one is above the law, and the Prime Minister said this previously.” He pointed out, "In the first step, we are talking about filling fuel, supermarkets, pharmacies, restaurants, health centers, and universities. As for the big steps, they require government effort and solidarity in this direction." He added, "Within 3-4 months, bank accounts grew by 14%, meaning more than 10.2 million bank accounts, compared to 8 million accounts at the end of 2022." He stressed, "The Ministry of Oil has put in its plan to distribute free electronic cards for government cars to all institutions, especially for filling fuel." He continued, "Al-Sudani approved the proposal to grant students from primary school to university special electronic cards, with specific amounts disbursed daily according to age group, linked to the father's account, and colored according to gender." Pointing out, “All of this is for the success of this experiment and the comprehensive digital transformation, and our situation will be like the rest of the countries of the world, but today we are at the first step and we continue to rise.”
The Government Media Cell announced that bank accounts will grow by 14% over the year 2022, while confirming the government’s intention to issue electronic cards “Visa Card” to all school and university students and link them to the father’s account, noting that the Ministry of Oil is at the forefront of the government agencies that have begun Applying electronic payment through gas stations.
The cell’s spokesman, Haider Majeed, said in a press interview, “The government has included electronic payment in its files, and the Council of Ministers has issued many points related to that, and they oblige all government institutions to use it, and there are parties that have begun.” Pointing out, “The Ministry of Oil was the first entity to start electronic payment through 10 gas stations last year, and this continued successively, and a number of ministries such as the Interior, the Directorate of General Citizenship, the National Card, the Passports Affairs, and others.”
He added, "There is a plan to expand and include all official institutions in the next stage, and to oblige the private sector." He added, “Today in Basra, Dhi Qar, and Maysan, I saw a number of stores and restaurants installing electronic payment devices, at a rate of 1-2%.”
He continued, "There will be parties affected by the process of switching to electronic payment, starting with Al-Bozrji, with all due respect to them, and the issue of corrupt people in official institutions who may refrain from activating this process. There is a complaints section and we must not remain silent about the issue." Noting that, “As for the economic offices whose interests will be harmed if electronic payment is achieved, no one is above the law, and the Prime Minister said this previously.”
He pointed out, "In the first step, we are talking about filling fuel, supermarkets, pharmacies, restaurants, health centers, and universities. As for the big steps, they require government effort and solidarity in this direction."
He added, "Within 3-4 months, bank accounts grew by 14%, meaning more than 10.2 million bank accounts, compared to 8 million accounts at the end of 2022." He stressed, "The Ministry of Oil has put in its plan to distribute free electronic cards for government cars to all institutions, especially for filling fuel."
He continued, "Al-Sudani approved the proposal to grant students from primary school to university special electronic cards that will be specified in amounts disbursed daily according to age group, and that will be linked to the father's account, and will be colored according to gender." Pointing out, “All of this is for the success of this experiment and the comprehensive digital transformation, and our situation will be like the rest of the countries of the world, but today we are at the first step and we continue to rise.”
It is linked to the father’s account.. Government approval to grant a “Visa Card” to school students
The Central Bank of Russia issues a 5,000 ruble banknote into Central Bank of Russia issues a 5,000 ruble bank note into circulation
link
The Central Bank of Russia issued into circulation on 10/16/2023 the new banknote in denomination of (5000) rubles, with an indication that the old issue of the same denomination is still in circulation and has the power of exoneration and legal presentation.
The Central Bank of Russia issued into circulation on 10/16/2023 the new banknote in denomination of (5000) rubles, with an indication that the old issue of the same denomination is still in circulation and has the power of exoneration and legal presentation.
The Central Bank announces its readiness to meet bank customers’ requests for cash dollars
The Central Bank of Iraq addressed all licensed banks with its readiness to meet their customers’ requests for cash dollars.
The Central Bank has specified an e-mail address to receive requests as indicated in the document below.
text:
Central Bank of Iraq
IRAQ OF ENTRAL 1947 BANK
Issuing and Treasury Department Fund Department
God is a public ball
Issue: 1/12/164 Date: 1/11/2024
To banks approved for all cash dollar withdrawals
good greeting ....
In reference to our numbers 8587/10/5 on 12/31/2023, please inform us of your need for cash dollars to meet your customers’ requests according to what was stated in the mentioned numbers, so that we can provide you with the required amounts as quickly as possible.
cbi.iq Requests are sent to e-mail with appreciation.
Ali Mohsen Ismail, Governor
1/11/20024
click the image below this is not a business
America
The Central Bank of Iraq addressed all licensed banks with its readiness to meet their customers’ requests for cash dollars.
The Central Bank has specified an e-mail address to receive requests as indicated in the document below.
text:
Central Bank of Iraq
IRAQ OF ENTRAL 1947 BANK
Issuing and Treasury Department Fund Department
God is a public ball
Issue: 1/12/164 Date: 1/11/2024
To banks approved for all cash dollar withdrawals
good greeting ....
In reference to our numbers 8587/10/5 on 12/31/2023, please inform us of your need for cash dollars to meet your customers’ requests according to what was stated in the mentioned numbers, so that we can provide you with the required amounts as quickly as possible.
cbi.iq Requests are sent to e-mail with appreciation.
Ali Mohsen Ismail, Governor
1/11/20024
America
Politician: Washington is waving the economic card to ensure the survival of its forces in Iraq
Political analyst Sabah Al-Ukaili said on Wednesday that the failure of ISIS’s terrorist project in Iraq and the end of the pretext under which American forces are present in the country will push Washington to wave the economic card against Baghdad if the government decides to remove American forces from Iraq.
Al-Ugaili told Al-Maalouma, “America will not be able to create a new version of the terrorist ISIS in Iraq, even though this criminal organization was its creation, but its project has failed and has never been successful.”
He added, "America may resort to other methods to ensure that it does not leave Iraq and establish its presence in military bases by waving the economic card that it uses to threaten Iraq and its government in the event of a tightening pressure on it and an attempt to expel its forces from the country."
He stated that "Iraqi funds for oil exports are transferred to the US Federal Bank, and therefore America is exploiting these funds as a pressure card on Iraq in order to continue its presence on Iraqi soil after the failure of the ISIS terrorist project."
Political analyst Sabah Al-Ukaili said on Wednesday that the failure of ISIS’s terrorist project in Iraq and the end of the pretext under which American forces are present in the country will push Washington to wave the economic card against Baghdad if the government decides to remove American forces from Iraq.
Al-Ugaili told Al-Maalouma, “America will not be able to create a new version of the terrorist ISIS in Iraq, even though this criminal organization was its creation, but its project has failed and has never been successful.”
He added, "America may resort to other methods to ensure that it does not leave Iraq and establish its presence in military bases by waving the economic card that it uses to threaten Iraq and its government in the event of a tightening pressure on it and an attempt to expel its forces from the country."
He stated that "Iraqi funds for oil exports are transferred to the US Federal Bank, and therefore America is exploiting these funds as a pressure card on Iraq in order to continue its presence on Iraqi soil after the failure of the ISIS terrorist project."
Politician: Washington is waving the economic card to ensure the survival of its forces in Iraq
Political analyst Sabah Al-Ukaili said on Wednesday that the failure of ISIS’s terrorist project in Iraq and the end of the pretext under which American forces are present in the country will push Washington to wave the economic card against Baghdad if the government decides to remove American forces from Iraq.
Al-Ugaili told Al-Maalouma, “America will not be able to create a new version of the terrorist ISIS in Iraq, even though this criminal organization was its creation, but its project has failed and has never been successful.”
He added, "America may resort to other methods to ensure that it does not leave Iraq and establish its presence in military bases by waving the economic card that it uses to threaten Iraq and its government in the event of a tightening pressure on it and an attempt to expel its forces from the country."
He stated that "Iraqi funds for oil exports are transferred to the US Federal Bank, and therefore America is exploiting these funds as a pressure card on Iraq in order to continue its presence on Iraqi soil after the failure of the ISIS terrorist project."
Political analyst Sabah Al-Ukaili said on Wednesday that the failure of ISIS’s terrorist project in Iraq and the end of the pretext under which American forces are present in the country will push Washington to wave the economic card against Baghdad if the government decides to remove American forces from Iraq.
Al-Ugaili told Al-Maalouma, “America will not be able to create a new version of the terrorist ISIS in Iraq, even though this criminal organization was its creation, but its project has failed and has never been successful.”
He added, "America may resort to other methods to ensure that it does not leave Iraq and establish its presence in military bases by waving the economic card that it uses to threaten Iraq and its government in the event of a tightening pressure on it and an attempt to expel its forces from the country."
He stated that "Iraqi funds for oil exports are transferred to the US Federal Bank, and therefore America is exploiting these funds as a pressure card on Iraq in order to continue its presence on Iraqi soil after the failure of the ISIS terrorist project."
American report: Iraq balances the demand to remove forces and preserve its economic interests
Political analysts and observers believe that Iraq, despite the call by its Prime Minister to form a joint committee that includes members of the coalition forces to look into removing foreign forces from the country, it is unlikely that this will lead to their removal as much as it calls for limiting the powers of their work in the country in order to avoid any kind of Economic sanctions that the United States may impose on Iraq.
A report by the Washington Examiner and Fox.com websites stated that Iraqi Prime Minister Muhammad Shia al-Sudani had announced in his statements on Friday that the government would soon begin working on a request to withdraw the international coalition forces led by the United States against ISIS in Iraq, indicating that the justifications for its presence due to ISIS threats have ended and that the government is in the process of setting a date to begin work on forming a joint committee to make arrangements to permanently end the presence of international coalition forces in Iraq.
Analysts and observers state that it is not clear whether Al-Sudani and the political blocs supporting the idea of removing the forces will actually be able to remove the coalition forces to the extent that they may succeed in limiting their capabilities and powers to carry out operations in the country and the region more broadly, noting that Al-Sudani, who is being exposed Under pressure to remove foreign forces, he realizes in his heart the amount of assistance provided by American forces and other coalition forces in confronting the threats of ISIS and preventing its re-emergence.
Al-Sudani's statements came amid a series of attacks by armed factions targeting American forces in Iraq and Syria, which reached their peak last week when the United States responded by launching a strike via a drone during which one of the faction leaders was killed along with his aides in central Baghdad. The attack once again sparked internal political pressures demanding the removal of foreign forces. from Iraq. Sharhang Hama Saeed, director of the Middle East Program at the United States Institute of Peace, told Fox.com that until recently, late last year, Al-Sudani was publicly defending the presence of American forces in Iraq, indicating that they were in Iraq at the request of the Iraqi government, noting that recently During August of last year, the United States and Iraq were in the process of deepening their military cooperation further. There are about 2,500 American soldiers in Iraq as part of the international coalition forces to fight ISIS. These American forces supported the Iraqi forces in November 2023 by carrying out 24 operations inside the country, which resulted in the arrest of 3 ISIS militants and the arrest of 14 others.
Jennifer Kavanagh, a fellow at the US Carnegie Institute for World Peace, told Fox.com that the attack carried out by the United States on Thursday in Baghdad, during which it killed the leader of the PMF, nicknamed Abu Taqwa, had changed the balance for Prime Minister Shia al-Sudani and generated additional local pressure to take action against the presence of... American forces in the country.
Researcher Kavanagh went on to say, "I think that the American attack will generate, at the very least, disapproval against the American forces and a broader debate about whether they will be removed or not. The matter may not lead to the removal of the American forces as much as it will lead to the possibility of restricting their freedom of movement inside the country and forcing the United States to reduce its influence." "
Analysts point out that the Prime Minister's cautious tone reflects a series of other pressures that call on Iraqi and even Iranian leaders to hesitate or hesitate to take a hostile stance represented by a complete withdrawal of forces from the country.
Hussein Abdul Hussein, a researcher at the Foundation for Defense of Democracies, told the Washington Examiner, “I do not think that Iran, Iraq’s neighbor, wants to move forward in its conflict with the United States, and the reason for that is that it does not want Iraq to be exposed to economic pressures and sanctions if American forces are expelled from the country because This will also harm it in return because it has economic interests in the country.” He goes on to say, "The tensions between Iraq and the United States are rising to a certain rate. But the impact of this will be harmful to Iraq and Iran, so Iran does not want to escalate to this extent."
Political analysts and observers believe that Iraq, despite the call by its Prime Minister to form a joint committee that includes members of the coalition forces to look into removing foreign forces from the country, it is unlikely that this will lead to their removal as much as it calls for limiting the powers of their work in the country in order to avoid any kind of Economic sanctions that the United States may impose on Iraq.
A report by the Washington Examiner and Fox.com websites stated that Iraqi Prime Minister Muhammad Shia al-Sudani had announced in his statements on Friday that the government would soon begin working on a request to withdraw the international coalition forces led by the United States against ISIS in Iraq, indicating that the justifications for its presence due to ISIS threats have ended and that the government is in the process of setting a date to begin work on forming a joint committee to make arrangements to permanently end the presence of international coalition forces in Iraq.
Analysts and observers state that it is not clear whether Al-Sudani and the political blocs supporting the idea of removing the forces will actually be able to remove the coalition forces to the extent that they may succeed in limiting their capabilities and powers to carry out operations in the country and the region more broadly, noting that Al-Sudani, who is being exposed Under pressure to remove foreign forces, he realizes in his heart the amount of assistance provided by American forces and other coalition forces in confronting the threats of ISIS and preventing its re-emergence.
Al-Sudani's statements came amid a series of attacks by armed factions targeting American forces in Iraq and Syria, which reached their peak last week when the United States responded by launching a strike via a drone during which one of the faction leaders was killed along with his aides in central Baghdad. The attack once again sparked internal political pressures demanding the removal of foreign forces. from Iraq. Sharhang Hama Saeed, director of the Middle East Program at the United States Institute of Peace, told Fox.com that until recently, late last year, Al-Sudani was publicly defending the presence of American forces in Iraq, indicating that they were in Iraq at the request of the Iraqi government, noting that recently During August of last year, the United States and Iraq were in the process of deepening their military cooperation further. There are about 2,500 American soldiers in Iraq as part of the international coalition forces to fight ISIS. These American forces supported the Iraqi forces in November 2023 by carrying out 24 operations inside the country, which resulted in the arrest of 3 ISIS militants and the arrest of 14 others.
Jennifer Kavanagh, a fellow at the US Carnegie Institute for World Peace, told Fox.com that the attack carried out by the United States on Thursday in Baghdad, during which it killed the leader of the PMF, nicknamed Abu Taqwa, had changed the balance for Prime Minister Shia al-Sudani and generated additional local pressure to take action against the presence of... American forces in the country.
Researcher Kavanagh went on to say, "I think that the American attack will generate, at the very least, disapproval against the American forces and a broader debate about whether they will be removed or not. The matter may not lead to the removal of the American forces as much as it will lead to the possibility of restricting their freedom of movement inside the country and forcing the United States to reduce its influence." "
Analysts point out that the Prime Minister's cautious tone reflects a series of other pressures that call on Iraqi and even Iranian leaders to hesitate or hesitate to take a hostile stance represented by a complete withdrawal of forces from the country.
Hussein Abdul Hussein, a researcher at the Foundation for Defense of Democracies, told the Washington Examiner, “I do not think that Iran, Iraq’s neighbor, wants to move forward in its conflict with the United States, and the reason for that is that it does not want Iraq to be exposed to economic pressures and sanctions if American forces are expelled from the country because This will also harm it in return because it has economic interests in the country.” He goes on to say, "The tensions between Iraq and the United States are rising to a certain rate. But the impact of this will be harmful to Iraq and Iran, so Iran does not want to escalate to this extent."
It creates pretexts to keep its forces in Iraq.. America strikes the strategic framework agreement with Iraq
American forces left Iraq in 2011 after the strategic framework agreement stipulating the departure of these forces and the retention of advisors and trainers. However, the entry of ISIS terrorism into Iraq opened the door to the return of these forces under the name of the International Coalition Forces.
The goals of the project for which I was present quickly became clear, which was to stand against any force that would threaten the security of the Zionist entity, ensure the fulfillment of American interests, and take Iraq as a launching pad to carry out attacks on any targets determined by Washington, whether inside or outside Iraq, and thus throw the Strategic Framework Agreement to the side and remain inside. Iraq is a service to the Zionist project.
Member of the Parliamentary Foreign Relations Committee, Karim Al-Muhammadawi, told Al-Maalouma, “The continued American presence inside Iraq requires taking all measures to ensure the removal of these forces, through popular and parliamentary pressure and government decision.”
He added, "All American military bases must be attacked by the Iraqi people, in response to the American disregard for the lives of Iraqis and the continuation of a series of crimes committed by these forces against the people, national symbols, and security agencies."
He pointed out that "the bombing of bases and exerting pressure on American forces must be reinforced with massive demonstrations throughout Iraq, to expel these forces and ensure that they do not return to the country again."
On the other hand, former MP Rasul Radi told Al-Maalouma, “America will not give up its influence and presence inside Iraq, as the strategic agreement signed in 2008 and implemented in 2011 drew fixed and broad lines for the American forces and stipulated that only consultants and trainers for the services would remain.” Security on new weapons.
He added, "The return of American forces at the request of the Iraqi government in 2014 prompted Washington to change its position, as it did not adhere to the terms of the strategic agreement and established multiple military bases in Iraq, one of which is (Ain al-Assad), which is used as a weapon and a striking hand for the Zionist entity against the opposition and resistance forces that reject the project." Zionists against the Palestinian people.
He pointed out that "the presence of American forces inside Iraq aims to implement an (Israeli) project before there is any other project."
On the other hand, the leader of the State of Law coalition, Haider Al-Lami, confirmed to “Al-Ma’louma” that “the Iraqi parliament had previously voted to remove American forces from Iraq, and there is an urgent need to exert pressure from the House of Representatives, especially those demanding the removal of American forces, in order to implement This decision and push the government to remove these forces based on the Council’s decision.”
He pointed out that "America, with the Pentagon's admission, left Iraq in 2011, and said at the time that (Al-Maliki expelled us from Iraq), but it returned from the net after it created the terrorist ISIS and brought it to Iraq and provided it with protection, with the aim of destabilizing security and stability."
American forces left Iraq in 2011 after the strategic framework agreement stipulating the departure of these forces and the retention of advisors and trainers. However, the entry of ISIS terrorism into Iraq opened the door to the return of these forces under the name of the International Coalition Forces.
The goals of the project for which I was present quickly became clear, which was to stand against any force that would threaten the security of the Zionist entity, ensure the fulfillment of American interests, and take Iraq as a launching pad to carry out attacks on any targets determined by Washington, whether inside or outside Iraq, and thus throw the Strategic Framework Agreement to the side and remain inside. Iraq is a service to the Zionist project.
Member of the Parliamentary Foreign Relations Committee, Karim Al-Muhammadawi, told Al-Maalouma, “The continued American presence inside Iraq requires taking all measures to ensure the removal of these forces, through popular and parliamentary pressure and government decision.”
He added, "All American military bases must be attacked by the Iraqi people, in response to the American disregard for the lives of Iraqis and the continuation of a series of crimes committed by these forces against the people, national symbols, and security agencies."
He pointed out that "the bombing of bases and exerting pressure on American forces must be reinforced with massive demonstrations throughout Iraq, to expel these forces and ensure that they do not return to the country again."
On the other hand, former MP Rasul Radi told Al-Maalouma, “America will not give up its influence and presence inside Iraq, as the strategic agreement signed in 2008 and implemented in 2011 drew fixed and broad lines for the American forces and stipulated that only consultants and trainers for the services would remain.” Security on new weapons.
He added, "The return of American forces at the request of the Iraqi government in 2014 prompted Washington to change its position, as it did not adhere to the terms of the strategic agreement and established multiple military bases in Iraq, one of which is (Ain al-Assad), which is used as a weapon and a striking hand for the Zionist entity against the opposition and resistance forces that reject the project." Zionists against the Palestinian people.
He pointed out that "the presence of American forces inside Iraq aims to implement an (Israeli) project before there is any other project."
On the other hand, the leader of the State of Law coalition, Haider Al-Lami, confirmed to “Al-Ma’louma” that “the Iraqi parliament had previously voted to remove American forces from Iraq, and there is an urgent need to exert pressure from the House of Representatives, especially those demanding the removal of American forces, in order to implement This decision and push the government to remove these forces based on the Council’s decision.”
He pointed out that "America, with the Pentagon's admission, left Iraq in 2011, and said at the time that (Al-Maliki expelled us from Iraq), but it returned from the net after it created the terrorist ISIS and brought it to Iraq and provided it with protection, with the aim of destabilizing security and stability."
Political risks are increasing... A Belgian credit agency lowers Iraq's rating
The Belgian export credit agency, Credendo, lowered Iraq’s rating from 6 to 7, with regard to political risks in the medium and long term, in light of the internal challenges it faces, and the additional risks added by the conflict between Israel and Hamas and the growing tensions between the United States and Iran. And it affects Iraq itself.
The Belgian agency considered, in a report translated by Shafaq News Agency, that Iraq faces a dilemma in light of the American-Iranian competition, as the main weak point for Iraq is its dependence on both forces.
America and Iran
The report explained that Iraq depends on Iran for energy supplies and on the United States for its security, in addition to its dependence on Washington to access its foreign exchange reserves, which are stored in the Federal Reserve, recalling that Washington has restricted, since the end of 2022, transfers of foreign exchange reserves to Iraq, Several banks were prevented from conducting operations in US dollars in order to limit suspicious financial flows to Iran and Syria.
The report pointed out that what the American decision to restrict transfers in US dollars demonstrated is that achieving a balance in Iraq between the two arch enemies (America and Iran) is a major challenge.
Al-Aqsa flood
In addition, the report stated that the war between Israel and Hamas, and the associated tensions between the United States and Iran only contribute to the complexity of Iraq's precarious situation, as this conflict threatens to destabilize the country.
The report explained that the deteriorating humanitarian situation in Gaza may exacerbate the growing internal social discontent in Iraq and lead to violent demonstrations.
In addition, the report said that since the outbreak of the war between Israel and Hamas, the Iranian-backed militias have targeted American sites in Iraq, and that after Washington initially refrained from retaliating directly inside Iraqi territory, since the end of last November, it began targeting Directly Iranian-backed militias in Iraq itself, which represents a strategic shift on the part of the United States, and represents a major escalation, because the Iraqi government views the American attacks as violating the country’s sovereignty and exacerbating discontent over the presence of American forces in the country.
Exit of the international coalition
The report indicated that the Iraqi government recently announced its intention to remove international coalition forces from its territory.
The report considered that this volatile situation makes Iraq vulnerable to a variety of risks, such as the imposition of additional and more severe sanctions, and the application of greater restrictions on access to foreign exchange reserves, but it also raises the possibility that Iraq will face an escalation in social unrest and insecurity, adding by saying that “the worst The scenarios are for Iraq to be subjected to stronger military retaliation from the United States or Israel.
After the report pointed out that these increasing political risks come on top of the already shaky economic fundamentals in Iraq, it explained that economic activity, public finances, and revenues are excessively dependent on the oil and gas sector, which leads to major fluctuations in the economy.
He pointed out that despite the urgent need to diversify the oil-dependent economy, no concrete measures have been taken so far, adding that the financial budget that was approved for a period of three years is expected to exacerbate economic problems and impose renewed pressures on public finances, as Estimates indicate that Iraq will face a large public financial deficit under the new budget.
Growing public debt
He continued that fiscal policy is expected to lead to an increase in public debt levels from 44.9% of GDP in 2022 to 61.4% of GDP in 2025, adding that the most worrying issue is that the public salary bill is expected to rise dramatically. Significant given the expected increase in public sector employment, as Iraq already has one of the highest levels of public employment in the entire region.
The report considered that this vicious circle of economic dependence on oil and gas markets could complicate the ability of the Iraqi authorities to implement structural financial reforms without inflaming social tensions.
The report concluded by saying that while the political situation in Iraq was very difficult, the conflict between Hamas and Israel and escalating regional tensions could further destabilize the country, as they fuel social unrest, increase insecurity and political instability and expose Iraq to far-reaching retaliatory measures from Before the United States or Israel.
Therefore, the report concluded by saying that the Credendo Agency decided to reduce the medium- and long-term political risk ratings in Iraq from category six to category seven.
Sudani
Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun
link hmmm could he be talking to Iran?
Prime Minister Muhammad Shiaa Al-Sudani said on Wednesday that the government he heads is continuing with the wheel of reconstruction and construction in the country despite the many challenges it faces.
This came in a speech during the launch of work on a multi-lane bridge project on the Tigris River in Al-Jadriya in the center of the capital, Baghdad.
Al-Sudani said in a speech followed by “Earth News” that, “The Iraqi government faces many challenges, and there are those who try to occupy us with this or that file, but they face a solid will and determination to continue with this methodology of work regarding the implementation of projects.”
He added, "We pledge to our people that we will not back down from work, and no force will be able to stop the wheel of reconstruction that has begun."
The Belgian export credit agency, Credendo, lowered Iraq’s rating from 6 to 7, with regard to political risks in the medium and long term, in light of the internal challenges it faces, and the additional risks added by the conflict between Israel and Hamas and the growing tensions between the United States and Iran. And it affects Iraq itself.
The Belgian agency considered, in a report translated by Shafaq News Agency, that Iraq faces a dilemma in light of the American-Iranian competition, as the main weak point for Iraq is its dependence on both forces.
America and Iran
The report explained that Iraq depends on Iran for energy supplies and on the United States for its security, in addition to its dependence on Washington to access its foreign exchange reserves, which are stored in the Federal Reserve, recalling that Washington has restricted, since the end of 2022, transfers of foreign exchange reserves to Iraq, Several banks were prevented from conducting operations in US dollars in order to limit suspicious financial flows to Iran and Syria.
The report pointed out that what the American decision to restrict transfers in US dollars demonstrated is that achieving a balance in Iraq between the two arch enemies (America and Iran) is a major challenge.
Al-Aqsa flood
In addition, the report stated that the war between Israel and Hamas, and the associated tensions between the United States and Iran only contribute to the complexity of Iraq's precarious situation, as this conflict threatens to destabilize the country.
The report explained that the deteriorating humanitarian situation in Gaza may exacerbate the growing internal social discontent in Iraq and lead to violent demonstrations.
In addition, the report said that since the outbreak of the war between Israel and Hamas, the Iranian-backed militias have targeted American sites in Iraq, and that after Washington initially refrained from retaliating directly inside Iraqi territory, since the end of last November, it began targeting Directly Iranian-backed militias in Iraq itself, which represents a strategic shift on the part of the United States, and represents a major escalation, because the Iraqi government views the American attacks as violating the country’s sovereignty and exacerbating discontent over the presence of American forces in the country.
Exit of the international coalition
The report indicated that the Iraqi government recently announced its intention to remove international coalition forces from its territory.
The report considered that this volatile situation makes Iraq vulnerable to a variety of risks, such as the imposition of additional and more severe sanctions, and the application of greater restrictions on access to foreign exchange reserves, but it also raises the possibility that Iraq will face an escalation in social unrest and insecurity, adding by saying that “the worst The scenarios are for Iraq to be subjected to stronger military retaliation from the United States or Israel.
After the report pointed out that these increasing political risks come on top of the already shaky economic fundamentals in Iraq, it explained that economic activity, public finances, and revenues are excessively dependent on the oil and gas sector, which leads to major fluctuations in the economy.
He pointed out that despite the urgent need to diversify the oil-dependent economy, no concrete measures have been taken so far, adding that the financial budget that was approved for a period of three years is expected to exacerbate economic problems and impose renewed pressures on public finances, as Estimates indicate that Iraq will face a large public financial deficit under the new budget.
Growing public debt
He continued that fiscal policy is expected to lead to an increase in public debt levels from 44.9% of GDP in 2022 to 61.4% of GDP in 2025, adding that the most worrying issue is that the public salary bill is expected to rise dramatically. Significant given the expected increase in public sector employment, as Iraq already has one of the highest levels of public employment in the entire region.
The report considered that this vicious circle of economic dependence on oil and gas markets could complicate the ability of the Iraqi authorities to implement structural financial reforms without inflaming social tensions.
The report concluded by saying that while the political situation in Iraq was very difficult, the conflict between Hamas and Israel and escalating regional tensions could further destabilize the country, as they fuel social unrest, increase insecurity and political instability and expose Iraq to far-reaching retaliatory measures from Before the United States or Israel.
Therefore, the report concluded by saying that the Credendo Agency decided to reduce the medium- and long-term political risk ratings in Iraq from category six to category seven.
Sudani
Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun
link hmmm could he be talking to Iran?
Prime Minister Muhammad Shiaa Al-Sudani said on Wednesday that the government he heads is continuing with the wheel of reconstruction and construction in the country despite the many challenges it faces.
This came in a speech during the launch of work on a multi-lane bridge project on the Tigris River in Al-Jadriya in the center of the capital, Baghdad.
Al-Sudani said in a speech followed by “Earth News” that, “The Iraqi government faces many challenges, and there are those who try to occupy us with this or that file, but they face a solid will and determination to continue with this methodology of work regarding the implementation of projects.”
He added, "We pledge to our people that we will not back down from work, and no force will be able to stop the wheel of reconstruction that has begun."
Source: Al-Sudani travels to Switzerland for the Economic Forum and to meet with Blinken
An informed source revealed, today, Wednesday, that Iraqi Prime Minister Muhammad Shiaa Al-Sudani intends to travel to Switzerland, next week, to attend the annual meeting of the World Economic Forum 2024, which will be held in the Swiss city of Davos-Klosters, from January 15 to 19. The second one is ongoing.
The source added to Al-Mustaqila that Al-Sudani will be accompanied by a high-level delegation of ministers and the governor of the Central Bank, with the aim of holding meetings with Swiss banks and discussing ways to enhance economic cooperation between the two countries.
Al-Sudani will also meet US Secretary of State, Anthony Blinken, to discuss bilateral relations between Iraq and the United States, and regional issues.
The annual meeting of the World Economic Forum is considered one of the most important global economic events, in which the most prominent world leaders, businessmen and policy makers participate, to discuss the most important global economic, political and security issues.
Al-Sudani's visit to Switzerland comes within the framework of Iraq's efforts to strengthen economic and political relations with countries around the world and attract foreign investments.
Al-Sudani for companies: Investment opportunities are available today, but tomorrow they will require effort to obtain them
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani expressed his happiness with the participation of Saudi companies in the Baghdad International Fair, while announcing the start of the development process, addressing investment companies, that opportunities now exist in Iraq, but tomorrow it will require a great effort to obtain one opportunity, calling on them to participate. In the proposed projects, during his speech at the opening of the Baghdad International Fair.
Sudanese said:
I welcome brothers, friends, companies and businessmen to Baghdad Al Salam.
Today was a special day, as in the morning we laid the foundation stone for constructing a bridge on the Tigris River.
The process of development and work towards a strong, stable and prosperous Iraq has begun.
From its first day, the government adopted economic reform.
The Baghdad exhibition represents one of the aspects of the relationship between Iraq and friendly countries.
We cannot create development without reforming the banking and financial sector.
We came up with a package of measures that contribute to tax reform.
We closely follow the procedures of the Ministry of Commerce in registering companies.
The government set a title, not a slogan, which is to establish real companies with sister countries.
We are proceeding with confidence in implementing the development road project.
I call on companies and investors to engage with the Iraqi private sector.
Investment opportunities are available today, but tomorrow you will need to make an effort to obtain an investment opportunity in Iraq.
An informed source revealed, today, Wednesday, that Iraqi Prime Minister Muhammad Shiaa Al-Sudani intends to travel to Switzerland, next week, to attend the annual meeting of the World Economic Forum 2024, which will be held in the Swiss city of Davos-Klosters, from January 15 to 19. The second one is ongoing.
The source added to Al-Mustaqila that Al-Sudani will be accompanied by a high-level delegation of ministers and the governor of the Central Bank, with the aim of holding meetings with Swiss banks and discussing ways to enhance economic cooperation between the two countries.
Al-Sudani will also meet US Secretary of State, Anthony Blinken, to discuss bilateral relations between Iraq and the United States, and regional issues.
The annual meeting of the World Economic Forum is considered one of the most important global economic events, in which the most prominent world leaders, businessmen and policy makers participate, to discuss the most important global economic, political and security issues.
Al-Sudani's visit to Switzerland comes within the framework of Iraq's efforts to strengthen economic and political relations with countries around the world and attract foreign investments.
Al-Sudani for companies: Investment opportunities are available today, but tomorrow they will require effort to obtain them
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani expressed his happiness with the participation of Saudi companies in the Baghdad International Fair, while announcing the start of the development process, addressing investment companies, that opportunities now exist in Iraq, but tomorrow it will require a great effort to obtain one opportunity, calling on them to participate. In the proposed projects, during his speech at the opening of the Baghdad International Fair.
Sudanese said:
I welcome brothers, friends, companies and businessmen to Baghdad Al Salam.
Today was a special day, as in the morning we laid the foundation stone for constructing a bridge on the Tigris River.
The process of development and work towards a strong, stable and prosperous Iraq has begun.
From its first day, the government adopted economic reform.
The Baghdad exhibition represents one of the aspects of the relationship between Iraq and friendly countries.
We cannot create development without reforming the banking and financial sector.
We came up with a package of measures that contribute to tax reform.
We closely follow the procedures of the Ministry of Commerce in registering companies.
The government set a title, not a slogan, which is to establish real companies with sister countries.
We are proceeding with confidence in implementing the development road project.
I call on companies and investors to engage with the Iraqi private sector.
Investment opportunities are available today, but tomorrow you will need to make an effort to obtain an investment opportunity in Iraq.
A Sudanese chairs a meeting with representatives of Ernst & Young, which specializes in auditing and financial consulting
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Al-Sudani calls on Anst & Young to come up with a workable plan and speedy completion
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting that included representatives of the Ernst & Young auditing and financial consulting company, in the presence of the Minister of Finance, the Governor of the Central Bank of Iraq, and the Prime Minister’s advisors concerned with the economic aspect.During the meeting, according to the government statement, {Al-Furat News} received a copy of it: “The initial draft of the company’s plan was discussed for the purpose of organizing and structuring the work of the Rafidain Bank, within the government’s approach to reform the banking and financial sector, where a number of observations were recorded on the draft plan with the aim of amending it and moving forward.” “By applying it.”
Al-Sudani stressed, “The plan must be applicable and not a copy of previous experiences, and achieve the desired goal,” expressing “the government’s readiness to provide all the necessary facilities to accomplish the transformation and restructuring, which is an essential part of the goal of the government program in the field of financial and banking reform.”
Al-Sudani stressed "the speed of completion in order to make the required plan successful and achieve tangible progress within the framework of economic reform."
During the meeting, according to the government statement, {Al-Furat News} received a copy of it: “The initial draft of the company’s plan was discussed for the purpose of organizing and structuring the work of the Rafidain Bank, within the government’s approach to reform the banking and financial sector, where a number of observations were recorded on the draft plan with the aim of amending it and moving forward.” “By applying it.”
Al-Sudani stressed, “The plan must be applicable and not a copy of previous experiences, and achieve the desired goal,” expressing “the government’s readiness to provide all the necessary facilities to accomplish the transformation and restructuring, which is an essential part of the goal of the government program in the field of financial and banking reform.”
Al-Sudani stressed "the speed of completion in order to make the required plan successful and achieve tangible progress within the framework of economic reform."
Al-Sudani discusses the initial draft of the “structuring” of Rafidain Bank
Today, Thursday (January 11, 2024), Prime Minister Muhammad Shiaa Al-Sudani discussed the initial draft of the “structuring” of Rafidain Bank.
A statement from the Prime Minister’s Office received by “Baghdad Today” stated that Al-Sudani “chaired a meeting that included representatives of the (Ernst & Young) auditing and financial consulting company, in the presence of the Minister of Finance, the Governor of the Central Bank of Iraq, and the Prime Minister’s advisors concerned with the economic aspect.”
During the meeting, according to the statement, “the initial draft of the company’s plan was discussed for the purpose of organizing and structuring the work of Rafidain Bank, within the government’s approach to reform the banking and financial sector, where a number of observations were recorded on the draft plan with the aim of amending it and proceeding with its implementation.”
The Prime Minister stressed "the need for the plan to be applicable and not a copy of previous experiences, and to achieve its desired goal."
Al-Sudani also expressed "the government's readiness to provide all the necessary facilities to achieve transformation and restructuring, which is an essential part of the goal of the government program in the field of financial and banking reform."
He stressed "the speed of completion, in order to make the required plan successful and achieve tangible progress within the framework of economic reform."
On November 14, the Prime Minister, Muhammad Shiaa Al-Sudani, directed the directors of all government banks to prepare a plan to be presented within one month, to develop the work of the banks, including the optimal use of financial, human and technical resources, the transition from paper work to automated work, and electronic dealing with all banking activities. Expanding electronic payment services, developing a comprehensive vision for banks in granting credit facilities and loans, and developing work mechanisms, including control and oversight tools.
Al-Sudani confirmed that bank managers will be subject to performance evaluation in light of their implementation of the plan and the amount of achievement.
Today, Thursday (January 11, 2024), Prime Minister Muhammad Shiaa Al-Sudani discussed the initial draft of the “structuring” of Rafidain Bank.
A statement from the Prime Minister’s Office received by “Baghdad Today” stated that Al-Sudani “chaired a meeting that included representatives of the (Ernst & Young) auditing and financial consulting company, in the presence of the Minister of Finance, the Governor of the Central Bank of Iraq, and the Prime Minister’s advisors concerned with the economic aspect.”
During the meeting, according to the statement, “the initial draft of the company’s plan was discussed for the purpose of organizing and structuring the work of Rafidain Bank, within the government’s approach to reform the banking and financial sector, where a number of observations were recorded on the draft plan with the aim of amending it and proceeding with its implementation.”
The Prime Minister stressed "the need for the plan to be applicable and not a copy of previous experiences, and to achieve its desired goal."
Al-Sudani also expressed "the government's readiness to provide all the necessary facilities to achieve transformation and restructuring, which is an essential part of the goal of the government program in the field of financial and banking reform."
He stressed "the speed of completion, in order to make the required plan successful and achieve tangible progress within the framework of economic reform."
On November 14, the Prime Minister, Muhammad Shiaa Al-Sudani, directed the directors of all government banks to prepare a plan to be presented within one month, to develop the work of the banks, including the optimal use of financial, human and technical resources, the transition from paper work to automated work, and electronic dealing with all banking activities. Expanding electronic payment services, developing a comprehensive vision for banks in granting credit facilities and loans, and developing work mechanisms, including control and oversight tools.
Al-Sudani confirmed that bank managers will be subject to performance evaluation in light of their implementation of the plan and the amount of achievement.
Baghdad Chamber of Commerce: The Prime Minister seeks sustainable partnerships between Iraqi and international companies
The Baghdad Chamber of Commerce confirmed today, Thursday, that Prime Minister Muhammad Shiaa Al-Sudani has set broad guidelines for partnership between the public and private sectors and the creation of sustainable partnerships between Iraqi and international companies, while calling on companies to actively participate in the Baghdad International Fair.
The head of the Baghdad Chamber of Commerce, Firas Al-Hamdani, told the official agency, followed by (Al-Oula News): “The opening of the activities of the 47th session of the Baghdad International Fair was sponsored by Prime Minister Muhammad Shia’ Al-Sudani, whose support for the Iraqi private sector has become clear, and he laid out broad lines to open future partnership horizons.” between the public and private sectors, and also his call to create sustainable partnerships between international and Iraqi companies.”
Al-Hamdani added, “There is a real breakthrough in the security, economic, and financial stability in particular in Iraq,” noting that “the number of countries participating in the exhibition reaches 20 countries and more than 850 international, Arab, and local companies participate in the exhibition.”
He pointed out, “The Baghdad Chamber of Commerce is participating in the exhibition and calls on companies and the private sector in particular to have a real presence and presence by holding lively and present participations between private sector companies and international companies in order to deliver a message to the international private sector that Iraq is the door to peace.” Security and economic stability.”
Yesterday, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani opened the activities of the 47th Baghdad International Fair.
The Baghdad Chamber of Commerce confirmed today, Thursday, that Prime Minister Muhammad Shiaa Al-Sudani has set broad guidelines for partnership between the public and private sectors and the creation of sustainable partnerships between Iraqi and international companies, while calling on companies to actively participate in the Baghdad International Fair.
The head of the Baghdad Chamber of Commerce, Firas Al-Hamdani, told the official agency, followed by (Al-Oula News): “The opening of the activities of the 47th session of the Baghdad International Fair was sponsored by Prime Minister Muhammad Shia’ Al-Sudani, whose support for the Iraqi private sector has become clear, and he laid out broad lines to open future partnership horizons.” between the public and private sectors, and also his call to create sustainable partnerships between international and Iraqi companies.”
Al-Hamdani added, “There is a real breakthrough in the security, economic, and financial stability in particular in Iraq,” noting that “the number of countries participating in the exhibition reaches 20 countries and more than 850 international, Arab, and local companies participate in the exhibition.”
He pointed out, “The Baghdad Chamber of Commerce is participating in the exhibition and calls on companies and the private sector in particular to have a real presence and presence by holding lively and present participations between private sector companies and international companies in order to deliver a message to the international private sector that Iraq is the door to peace.” Security and economic stability.”
Yesterday, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani opened the activities of the 47th Baghdad International Fair.
Tokyo: The Baghdad International Fair returns to the forefront and we enjoy friendly relations with Iraq
The General Company for Exhibitions and Commercial Services confirmed today, Thursday, that Japan's participation in the Baghdad Fair sessions has an economic and fundamental weight, while the Chargé d'Affairs of the Japanese Embassy in Iraq, Masimoto Keniji, indicated that the Baghdad Fair is returning to the forefront.
Director General of the General Company for Exhibitions and Commercial Services, Mustafa Al-Ani, said in his speech during the Japanese National Day celebration: “We congratulate the friendly country of Japan, the government and people, on the occasion of the Japanese National Day, and we wish them continued progress and prosperity.”
He continued, "Based on the depth of the distinguished economic and trade relations between Iraq and Japan, as the two countries have a close relationship over many decades with the economic and technical cooperation agreement signed between the two governments in 1944," noting "the efforts to sustain and strengthen these relations."
He pointed out that "Japan's participation in the ongoing Baghdad International Fair sessions in recent years has great economic and fundamental weight due to its global economic power, being the third largest economy in the world, and possessing an advanced and sophisticated vision and technology in various fields, in addition to the Iraqi consumer's confidence in Japanese goods." “For its strength and sobriety, the reputation of Japanese companies, and its transparency in business dealings.”
He continued, "The Iraqi people look with admiration at Japan's pioneering experience in dealing with the devastating effects of World War II, and look forward to benefiting from this experience in the construction and reconstruction process."
He expressed his "thanks for the efforts made by those in charge of the Japanese pavilion in their participation in the current session of the Baghdad International Fair, and his aspiration to increase economic activities and events between the two countries and to strengthen economic and trade relations through the serious and actual presence of Japanese companies in Iraq."
In turn, the Chargé d'Affairs of the Japanese Embassy in Iraq, Masimoto Keniji, confirmed, in a speech during the celebration, that "the Baghdad International Fair is returning to the forefront, especially with the participation of many countries and companies in this session."
He added, "Japanese-Iraqi economic relations enjoy a friendly relationship and witnessed a trade boom in the seventies, and after 2003, economic activities and relations returned," noting that "Japan provided much assistance in the southern regions and in several fields."
He pointed out that "Iraq has a rich history and Mesopotamian civilization, and they have many potentials represented by rich resources in addition to humanity with a young majority, in addition to its good relations with countries," explaining that "the Baghdad International Fair is an important link, as about 18 participated in this session." Japanese company.
He expressed his hope "for the development of Iraqi-Japanese relations in all fields," explaining that "the Japanese embassy receives many cultural activities."
Here is the link to the all the pictures of the International Fair
Military Stuff Below Here:
The General Company for Exhibitions and Commercial Services confirmed today, Thursday, that Japan's participation in the Baghdad Fair sessions has an economic and fundamental weight, while the Chargé d'Affairs of the Japanese Embassy in Iraq, Masimoto Keniji, indicated that the Baghdad Fair is returning to the forefront.
Director General of the General Company for Exhibitions and Commercial Services, Mustafa Al-Ani, said in his speech during the Japanese National Day celebration: “We congratulate the friendly country of Japan, the government and people, on the occasion of the Japanese National Day, and we wish them continued progress and prosperity.”
He continued, "Based on the depth of the distinguished economic and trade relations between Iraq and Japan, as the two countries have a close relationship over many decades with the economic and technical cooperation agreement signed between the two governments in 1944," noting "the efforts to sustain and strengthen these relations."
He pointed out that "Japan's participation in the ongoing Baghdad International Fair sessions in recent years has great economic and fundamental weight due to its global economic power, being the third largest economy in the world, and possessing an advanced and sophisticated vision and technology in various fields, in addition to the Iraqi consumer's confidence in Japanese goods." “For its strength and sobriety, the reputation of Japanese companies, and its transparency in business dealings.”
He continued, "The Iraqi people look with admiration at Japan's pioneering experience in dealing with the devastating effects of World War II, and look forward to benefiting from this experience in the construction and reconstruction process."
He expressed his "thanks for the efforts made by those in charge of the Japanese pavilion in their participation in the current session of the Baghdad International Fair, and his aspiration to increase economic activities and events between the two countries and to strengthen economic and trade relations through the serious and actual presence of Japanese companies in Iraq."
In turn, the Chargé d'Affairs of the Japanese Embassy in Iraq, Masimoto Keniji, confirmed, in a speech during the celebration, that "the Baghdad International Fair is returning to the forefront, especially with the participation of many countries and companies in this session."
He added, "Japanese-Iraqi economic relations enjoy a friendly relationship and witnessed a trade boom in the seventies, and after 2003, economic activities and relations returned," noting that "Japan provided much assistance in the southern regions and in several fields."
He pointed out that "Iraq has a rich history and Mesopotamian civilization, and they have many potentials represented by rich resources in addition to humanity with a young majority, in addition to its good relations with countries," explaining that "the Baghdad International Fair is an important link, as about 18 participated in this session." Japanese company.
He expressed his hope "for the development of Iraqi-Japanese relations in all fields," explaining that "the Japanese embassy receives many cultural activities."
Here is the link to the all the pictures of the International Fair
Military Stuff Below Here:
Nechirvan Barzani and Leader of the International Coalition: Stability in Iraq is necessary for the entire region
The President of the Kurdistan Region, Nechirvan Barzani, and General Joel Fall, the commander of the international coalition against ISIS in Iraq and Syria, stressed on Tuesday the importance of maintaining security and stability in Iraq because of its impact on the entire region.
This came during President Nechirvan Barzani's meeting this morning with General Joel Fall and his accompanying delegation, as the presidency announced in a statement.
The statement stated, "During the meeting, discussions took place regarding the cooperation of the international coalition forces with Iraq and the Kurdistan Region in confronting the threats of terrorism and the final elimination of ISIS, and assisting the Iraqi army and Peshmerga forces through preparation, training, and providing military advice, and terrorist threats in Iraq, Syria, and the region in general."
The statement added that the two sides stressed the protection of the international coalition forces and diplomatic missions in Iraq, and agreed in the opinion that the stability of Iraq is necessary for the region and that no opportunity should be given to the emergence of terrorism again, and they touched on the attacks by marches on the Kurdistan Region.
The internal conditions of the Kurdistan Region, the unification of the Peshmerga forces, the complexities of the Middle East, the war in Gaza and its effects on the region, and a group of issues of common interest formed another focus of the meeting, which was attended by a number of diplomats and military officials, according to the statement.
The President of the Kurdistan Region, Nechirvan Barzani, and General Joel Fall, the commander of the international coalition against ISIS in Iraq and Syria, stressed on Tuesday the importance of maintaining security and stability in Iraq because of its impact on the entire region.
This came during President Nechirvan Barzani's meeting this morning with General Joel Fall and his accompanying delegation, as the presidency announced in a statement.
The statement stated, "During the meeting, discussions took place regarding the cooperation of the international coalition forces with Iraq and the Kurdistan Region in confronting the threats of terrorism and the final elimination of ISIS, and assisting the Iraqi army and Peshmerga forces through preparation, training, and providing military advice, and terrorist threats in Iraq, Syria, and the region in general."
The statement added that the two sides stressed the protection of the international coalition forces and diplomatic missions in Iraq, and agreed in the opinion that the stability of Iraq is necessary for the region and that no opportunity should be given to the emergence of terrorism again, and they touched on the attacks by marches on the Kurdistan Region.
The internal conditions of the Kurdistan Region, the unification of the Peshmerga forces, the complexities of the Middle East, the war in Gaza and its effects on the region, and a group of issues of common interest formed another focus of the meeting, which was attended by a number of diplomats and military officials, according to the statement.
Masoud Barzani and General "Foul" confirm the continued work of the coalition forces in Iraq and Syria
Kurdish leader Masoud Barzani and the Commander-in-Chief of the coalition forces in Iraq and Syria, General Joel Fall, confirmed on Tuesday the continued work of the coalition forces in the two countries.
This came during Barzani's reception of the American general in the city of Erbil, according to a statement received by Shafaq News Agency.
The meeting, which was attended by the US Consul General in Erbil, Mark Straw, discussed the latest developments, changes, and the threat of terrorism in Iraq, Syria, and the region in general.
The meeting also discussed the threats of the return of ISIS and considered it important to take the necessary measures to combat terrorism.
In another part of the meeting, attention was paid to continuing coordination between the coalition forces, the Peshmerga forces, and the Iraqi army, and emphasis was placed on the continued work of the coalition forces in Iraq and Syria in order to ward off the threat of terrorism.
Kurdish leader Masoud Barzani and the Commander-in-Chief of the coalition forces in Iraq and Syria, General Joel Fall, confirmed on Tuesday the continued work of the coalition forces in the two countries.
This came during Barzani's reception of the American general in the city of Erbil, according to a statement received by Shafaq News Agency.
The meeting, which was attended by the US Consul General in Erbil, Mark Straw, discussed the latest developments, changes, and the threat of terrorism in Iraq, Syria, and the region in general.
The meeting also discussed the threats of the return of ISIS and considered it important to take the necessary measures to combat terrorism.
In another part of the meeting, attention was paid to continuing coordination between the coalition forces, the Peshmerga forces, and the Iraqi army, and emphasis was placed on the continued work of the coalition forces in Iraq and Syria in order to ward off the threat of terrorism.
Kurdish MP: Barzani will demand that American forces remain in Iraq
The representative of the Kurdistan Democratic Party, Majid Shankali, expressed his surprise at the demand to remove American forces from Iraq.
Shankali said in an interview followed by Mawazine News: “The Prime Minister of the Regional Government, Masrour Barzani, has the right to request that American forces remain in Iraq as they are part of the process of fighting terrorism.”
He added, "The agreements to keep American forces confirmed are in place, and it is in the interest of the Kurds and Iraq for the international coalition to remain, especially as the security threat continues."
Regarding the crisis with Kurdistan, Shankali confirmed that “the money paid by Baghdad was three months late and that the region’s problem is the cessation of exporting its oil,” stressing that “the Iraqi pipeline is not able to receive more oil than Kirkuk.”
Iran seizes an American oil tanker in the Gulf of Oman
Iran announced on Thursday that its naval forces had seized an American crude oil tanker in the Gulf of Oman, Tasnim News Agency reported.
The semi-official agency reported: “The Public Relations of the Army Naval Force announced that the Iranian Army Naval Forces arrested an American oil tanker in the waters of the Sea of Oman by judicial order.”
Earlier Thursday, the British maritime security company Ambrey said that an oil tanker flying the flag of the Marshall Islands was boarded by 4-5 armed people about 50 miles east of Sohar in the Sultanate of Oman.
The memorandum added that the suspected militants were wearing black uniforms resembling military uniforms and black masks.
According to Embry's memo, the tanker was previously accused of carrying sanctioned Iranian oil, and was seized and fined by the United States.
For its part, the Greek company "Empire Navigation" said that the oil tanker belonged to it.
Washington calls on Iran to immediately release the oil tanker “Saint Nicholas” and its crew
he United States called on the Iranian authorities to immediately release the “Saint Nicholas” oil tanker and its crew. According to the Deputy Director of the US State Department’s Information Office, Vedant Patel.
Patel said in a briefing: “The Iranian government must release the ship and its crew.” Patel described the seizure of the ship as illegal, noting that such Iranian actions “aim to undermine international trade.”
At the same time, Patel did not provide a clear response about the measures that the United States and its allies could take regarding this issue. “We continue close consultation with our partners in the region on appropriate steps that can be taken to hold the Iranian regime accountable,” Patel said.
Earlier, the Iranian Tasnim news agency reported today that the Iranian Army Navy seized an American oil tanker near the Emirati port of Fujairah after the United States stole it last year and changed its name.
The agency reported on the “X” network that “the naval forces of the Islamic Republic of Iran announced the detention of an American oil tanker by judicial order in the waters of the Sea of Oman.”
The representative of the Kurdistan Democratic Party, Majid Shankali, expressed his surprise at the demand to remove American forces from Iraq.
Shankali said in an interview followed by Mawazine News: “The Prime Minister of the Regional Government, Masrour Barzani, has the right to request that American forces remain in Iraq as they are part of the process of fighting terrorism.”
He added, "The agreements to keep American forces confirmed are in place, and it is in the interest of the Kurds and Iraq for the international coalition to remain, especially as the security threat continues."
Regarding the crisis with Kurdistan, Shankali confirmed that “the money paid by Baghdad was three months late and that the region’s problem is the cessation of exporting its oil,” stressing that “the Iraqi pipeline is not able to receive more oil than Kirkuk.”
Iran seizes an American oil tanker in the Gulf of Oman
Iran announced on Thursday that its naval forces had seized an American crude oil tanker in the Gulf of Oman, Tasnim News Agency reported.
The semi-official agency reported: “The Public Relations of the Army Naval Force announced that the Iranian Army Naval Forces arrested an American oil tanker in the waters of the Sea of Oman by judicial order.”
Earlier Thursday, the British maritime security company Ambrey said that an oil tanker flying the flag of the Marshall Islands was boarded by 4-5 armed people about 50 miles east of Sohar in the Sultanate of Oman.
The memorandum added that the suspected militants were wearing black uniforms resembling military uniforms and black masks.
According to Embry's memo, the tanker was previously accused of carrying sanctioned Iranian oil, and was seized and fined by the United States.
For its part, the Greek company "Empire Navigation" said that the oil tanker belonged to it.
Washington calls on Iran to immediately release the oil tanker “Saint Nicholas” and its crew
he United States called on the Iranian authorities to immediately release the “Saint Nicholas” oil tanker and its crew. According to the Deputy Director of the US State Department’s Information Office, Vedant Patel.
Patel said in a briefing: “The Iranian government must release the ship and its crew.” Patel described the seizure of the ship as illegal, noting that such Iranian actions “aim to undermine international trade.”
At the same time, Patel did not provide a clear response about the measures that the United States and its allies could take regarding this issue. “We continue close consultation with our partners in the region on appropriate steps that can be taken to hold the Iranian regime accountable,” Patel said.
Earlier, the Iranian Tasnim news agency reported today that the Iranian Army Navy seized an American oil tanker near the Emirati port of Fujairah after the United States stole it last year and changed its name.
The agency reported on the “X” network that “the naval forces of the Islamic Republic of Iran announced the detention of an American oil tanker by judicial order in the waters of the Sea of Oman.”
A drone attack on an international coalition base at Erbil airport
The Counter-Terrorism Service in the Kurdistan Region announced on Thursday that Erbil International Airport was subjected to an air attack.
The agency stated in a statement received by Shafaq News Agency: According to information from the Counter-Terrorism Service in the Kurdistan Region, a bomb-laden drone attacked an international coalition base inside Erbil International Airport on Thursday evening, indicating that it was shot down.
The Counter-Terrorism Service in the Kurdistan Region announced on Thursday that Erbil International Airport was subjected to an air attack.
The agency stated in a statement received by Shafaq News Agency: According to information from the Counter-Terrorism Service in the Kurdistan Region, a bomb-laden drone attacked an international coalition base inside Erbil International Airport on Thursday evening, indicating that it was shot down.
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